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Petrol touches Rs 80 per litre in Mumbai; check out latest fuel prices across major cities

BusinessToday.In     September 29, 2019

Petrol, Diesel price today: After a significant rise for over a week, petrol and diesel prices remained unchanged across four metropolitan cities of India on Sunday. Petrol has been hiked by up to Rs 2.31 and diesel rates by up to Rs 1.92 in the past 13 days. As per Indian Oil's daily fuel pricing formula, consumers will have to shell out Rs 74.34 for a litre of petrol in Delhi today, while they will have to pay Rs 67.24 for a litre of diesel. Things are worse in Mumbai with Rs 80 per litre for petrol and Rs 70.55 per litre for diesel. In Chennai and Kolkata, petrol prices have reached Rs 77.28 and Rs 77.03, respectively, while diesel rates are Rs 71.09 and Rs 69.66, respectively.

Petrol and diesel price today across 4 metropolitan cities (per litre) today

Delhi: Petrol Rs 74.34; Diesel Rs 67.24

Mumbai: Petrol 80; Diesel Rs 70.55

Chennai: Petrol Rs 77.28; Diesel 71.09

Kolkata: Petrol Rs 77.03; Diesel Rs 66.66

The increase in petrol and diesel price has come following the drone attack on Saudi oil facilities. The attack jolted global oil markets, disabling around 5 per cent of the global supply, after which fuel prices have seen a significant rise in India. India depends on Saudi Arabia for a fifth of its oil imports. It buys around 2,00,000 tonnes of LPG every month from Saudi Arabia.

Attackers using low-flying drones and cruise missiles knocked out 5.7 million barrels of production, or about 60 per cent of what Saudi Arabia currently produces, making it the largest supply disruption in history.

The Saudi Arabia drone attacks have also caused a significant shortage of liquefied petroleum gas (LPG) in India as demand is set to climb in the coming weeks due to the festive season. Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp are looking for prompt LPG supplies for delivery before Diwali.

Also read: Petrol prices rise Rs 1.87 a litre, diesel up Rs 1.51 since Saudi drone strike

Also read: Oil prices may soar after Houthi attacks on Saudi Aramco facilities knock out half the kingdom's supply

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