India fuel prices up for 4th day as Soleimani killing roils oil market
Petrol and diesel prices rose for the fourth straight day in India on Sunday after the US killed an Iranian military commander, fanning fresh fears of conflict in the crude-rich Middle East.
Retail pump price of petrol was hiked by 9 paise per litre and that of diesel by 11 paise, according to a notification by state-owned fuel retailers.
Petrol in Delhi now costs Rs 75.54 per litre–the highest in more than a year–and a litre of diesel comes for Rs 68.51. While global stock markets were mixed following the killing of Major General Qassem Soleimani, oil prices jumped more than 3 per cent on Friday. Oil markets will reopen on Monday after the weekend break.
