Petrol and diesel prices increases for sixth consecutive day, Know today's rate

Journalists gather next to a damaged installation in Saudi Arabia's Abqaiq oil processing plant on Friday

Journalists gather next to a damaged installation in Saudi Arabia's Abqaiq oil processing plant on Friday

As an aftermath of the drone-induced attack at Saudi Aramco facilities last weekend, prices of gasoline products are expected to soar by P2.40 to P2.50 per liter at the domestic pumps this week. On Sunday, the fuel was priced at Rs 73.62 per litre.

According to the website of Indian Oil, petrol prices in Delhi, Kolkata, Mumbai and Chennai have increased to Rs 73.62, Rs 76.32, Rs 79.29 and Rs 76.52 per liter respectively.

This is the sixth straight daily increase and has taken the cumulative price hike since September 17 to Rs 1.59 per litre in case of petrol and Rs 1.31 for diesel, reported PTI.

The rate of increase in prices has been higher in the past four days. The rate of diesel was at Rs. 69.15 per litre in Kolkata, Rs. 70.01 per litre in Mumbai and Rs. 70.56 per litre in Chennai.

Diesel prices across the metro cities also increased by over a rupee after since September 14. In the biggest single-day increase during the last one month, the price of petrol rose up by 35 paise and that of diesel by 28 paise a day ago.

Experts suggested that following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre. After 5-paisa hike on September 15, the prices were kept unchanged the next day.

Oil prices have cooled since the spike, but are still on the edge.

Aramco did not specify a reason for the change in oil grade supplied to Japan's biggest refiner from light to heavy and medium starting October, Nikkei said citing JXTG officials.

Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.