STATE TIMES NEWS
New Delhi: Petrol price on Saturday breached the Rs 83 per litre-mark in Delhi for the first time in more than two years after a rally in international oil prices forced a 13th increase in rates in the last fortnight.Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies.Petrol price in Delhi rose to Rs 83.13 per litre from Rs 82.86. Diesel rates went up from Rs 73.07 to Rs 73.32 per litre.This is the highest rate for petrol and diesel since September 2018 and followed the 13th increase in rates since November 20 when oil companies resumed daily price revision after nearly a two-month hiatus. In 16 days, the petrol price has gone up by Rs 2.07 per litre and diesel rate has risen by Rs 2.86. ICICI Securities said vaccine hopes are driving oil prices up. Brent crude oil is up 34 per cent from lows in end-October 2020 driven by hope that COVID-19 vaccines would lead to demand recovery.“The oil price surge is despite a second wave of Covid in Europe and US (which has led to demand recovery reversal), and surge in Libyan oil output from 0.1 million barrels per day (bpd) to 1.25 million bpd,” it said.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Withheld some a/cs within India, to continue advocating right of free expression: Twitter
New generation ICD with latest technology implanted at SSH Jammu
Arthritis drug no better than standard care for severe COVID-19, says study
People shouldn’t hesitate to get vaccinated, listen to scientists: Delhi’s 1st COVID patient
Can AI pay a month’s salary to terminated contractual pilots: HC asks national carrier
Rupee tanks 67 paise to 73.10 against US dollar in early trade
Gold falls Rs 148, silver declines Rs 886
Rupee gains 14 paise to 72.32 against US dollar in early trade
Gold jumps Rs 337; silver shoots up by Rs 1,149
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.