Petrol price remains unchanged for 3rd day in row; Check rates of other Metro cities
From May 30, the OMCs are being forced to cut petrol prices despite Brent crude hovering near $73 per barrel.
The state-owned Oil Companies decided to keep petrol price unchanged today in various state capitals of India. This status quo in petrol prices would now be for the third consecutive day. However, no change in petrol price came despite international crude oil prices on Monday extended falls from late last week after China threatened duties on American crude imports in an escalating trade dispute with Washington, while supply from OPEC and Russia is also expected to rise. State elections are expected to take place in Chhattisgarh, Madhya Pradesh and Rajasthan in late 2018, calling for major urgency in relaxing petrol prices to save the NDA government from facing the repeat of the Karnataka scenario.
Today in New Delhi, 1 litre petrol is priced at Rs 76.35.
Similarly, Kolkata is charging Rs 79.02 per litre for a litre petrol.
India’s financial hub Mumbai has seen some relief in petrol price, as 1 litre petrol was priced at Rs 84.18 today. The city has been selling petrol over Rs 86 per litre.
In Chennai, 1 litre petrol here was priced at Rs 79.24.
A litre petrol priced at Rs 77.59 in Bangalore, Rs 81.94 in Bhopal, Rs 75.17 in Bhubaneswar, Rs 73.43 in Chandigarh, Rs 77.70 in Dehradun, Rs 80.88 in Hyderabad, Rs 79.09 in Jaipur, Rs 77.18 in Lucknow, Rs 81.84 in Patna, Rs 76.76 in Raipur and Rs 80.77 in Srinagar.
According to a Reuters report, "Crude oil prices crashed as U.S.-China trade tensions escalated last Friday," said Benjamin Lu of Singapore-based futures brokerage Phillip Futures.
Therefore, US West Texas Intermediate (WTI) crude futures touched their lowest level since April, falling to $63.59 per barrel before edging back to $63.98 by 0635 GMT. That was still down $1.07, or 1.6 percent, from their last settlement.
Meanwhile, Brent crude futures down 46 cents, or 0.6 percent, at $72.98 per barrel.