New Delhi: Petrol and diesel prices surged for the third consecutive day on Saturday despite global oil prices registering a fall by about 2 per cent on Friday.
Despite a dip in global oil prices on Friday, major PSUs have been increasing fuel prices considering the solid weekly gains posted global crude prices. Brent Crude oil was trading at $60.48 per barrel.
In national capital Delhi, petrol was selling at Rs 69.26 after an increase of 19 paise over yesterday’s rates. Diesel, on the other hand, was selling at Rs 63.10 per litre after an increase of 29 paise.
Petrol price in Mumbai is nearing the Rs 75 per litre mark while diesel price has crossed the Rs 66 per litre. In Kolkata, petrol is being sold at Rs 71.39 per litre whereas diesel rates have been hiked to Rs 64.87 per litre.
Petrol prices nearly touched the Rs. 72 mark in other metro cities like Bengaluru and Chennai. Petrol prices in Patna stood at Rs 73.46/litre whereas in Telengana capital Hyderabad, it sold at Rs 73.41 per litre.
The highest diesel price was recorded in Hyderabad (Rs 68.57/litre) followed by Bhubaneswar (Rs 67.72/litre) and Trivandrum (Rs 67.58/litre). In Bengaluru, diesel price crossed Rs 65 per litre whereas in most other cities, diesel was selling between Rs 62-65 per litre.
The fresh weakness in crude prices has been linked to weak investor sentiments amid global growth concerns.