However, the prices of petrol and diesel are stable for the past two days but oil prices may increase in the coming days. Indeed, crude oil has gained steadily for the second consecutive day. According to market experts, it can affect India too. Let us tell you that after the stability on Monday, the price of petrol and diesel was increased by 5 to 6 paisa.
Petrol and diesel prices are stable for the past two days. According to IndianOil website, petrol is priced at Rs 70.33 a liter in Delhi, while in Kolkata, Mumbai and Chennai it is priced at Rs 72.44, 75.97 and 73 rupees per liter respectively. In four metros, diesel prices are also Rs 65.62, Rs 67.40, Rs 68.71 and Rs 69.32 per liter respectively. Earlier, on Friday petrol was cheaper by 6 paisa a liter, while on Thursday the price of diesel was increased.
According to market analysts, the reduction in oil supply by the group of oil exporting countries, Organization of Petroleum Exporting Countries (OPEC), has spurted the price of oil. Apart from this, the supply of oil has also affected the OPEC's economic and political crisis in Venezuela. All these challenges can be influenced on the Indian market as well and oil companies can increase the price of petrol and diesel. Let me tell you that Brent crude prices have gone up once more to $ 63 a barrel, with an increase of about one percent over the previous session. Brent crude was up 1.76 percent in the previous session.