More

    Petrol price hiked by Rs 1.29/litre, diesel by 97 paise

    Must Read

    BJP Councillor in Vadodara openly violate social distancing rule during birthday celebration

    BJP leaders are seems to be not taking the lessons and organise programmes without maintaining any Covid...

    181 Abhiyam Mahila Helpline perform role of hygiene warrior

    Explain a woman in Savli the responsibility of maintaining cleanliness in the villa Normally...

    Patients from outside Vadodara cremated in city following Covid 19 protocol

    OSD Dr. Vinod Rao informed that In the last 19 days of September, 160 persons from outside...

    Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) on Sunday hiked prices of petrol by Rs 1.29 a litre, and of diesel by 97 paise, both at Delhi and effective from midnight, with corresponding increases in other states.

    “The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a release here.

    Petrol per litre from Monday will cost Rs 70.60 in Delhi, Rs 73.13 in Kolkata, Rs 76.91 in Mumbai and Rs 70.07 in Chennai.

    Similarly, diesel will cost Rs 57.82 in Delhi, Rs 60.06 in Kolkata, Rs 63.61 in Mumbai and Rs 59.47 in Chennai.

    Rates were last hiked on December 16, petrol by Rs 2.21 a litre, and diesel by Rs 1.79 paise, both in Delhi, with corresponding changes in other states.

    With oil producers outside the Organisation of the Petroleum Exporting Countries (OPEC), led by Russia, agreeing to reduce output by 558,000 barrels per day (bpd) last month, the Indian basket of crude oils gained more than $3 a barrel over the weekend of December 11-12 even as global prices surged to an 18-month high.

    This came in the wake of the 13-nation OPEC cartel’s November 30 decision to cut output by 1.2 million bpd for six months effective January 1.

    It is the first time since 2001 that OPEC and some of its rivals reached a deal to jointly reduce output in order to tackle the global oil glut.

    As per available data, the Indian basket, comprising 73 percent sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed trade on Thursday at $54.54 for a barrel of 159 litres.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Rajya Sabha passes Epidemic Diseases (Amendment) Bill, 2020

    Rajya Sabha today passed the Epidemic Diseases (Amendment) Bill, 2020. The Bill amends the Epidemic Diseases Act,...

    181 Abhiyam Mahila Helpline perform role of hygiene warrior

    Explain a woman in Savli the responsibility of maintaining cleanliness in the villa Normally the 181 Abhayam Women's Helpline...

    Patients from outside Vadodara cremated in city following Covid 19 protocol

    OSD Dr. Vinod Rao informed that In the last 19 days of September, 160 persons from outside Vadodara district who passed away...
    video

    Waghodia MLA Madhu Shrivastav dance without mask in Bhajan Sandhya

    Recently discharged from hospital after Covid 19 treatment A dance video of Waghodia MLA Madhu Shrivastav goes viral on...

    Covid 19 cases reached 10559 in Vadodara after 132 new cases on Sunday

    Covid 19 cases in Vadodara reached 10559 after 132 cases registered in last 24 hours. Total 70 patients discharged from hospital which...

    More Articles Like This

    - Advertisement -