Petrol, diesel prices up for fifth straight day as crude hits $70-mark
NEW DELHI: Petrol prices on Monday were hiked by 15 paise a litre and diesel rates were increased by 17 paise as global oil prices hit $70-mark in the wake of escalating US-Iran tensions fanning fresh fears of conflict in the crude-rich Middle East.
The retail pump prices of petrol in Delhi rose to Rs 75.69 per litre – the highest since November 2018, while those of diesel climbed to Rs 68.68, according to a price notification of state-owned fuel retailers.
This is the fifth straight day of increase in retail pump prices.
Oil prices surged, gold hit a more than six-year high and equities tumbled Monday amid escalating US-Iran tensions after the US assassination of commander Qasem Soleimani.
US President Donald Trump on Sunday warned of a “major retaliation” against Tehran after it threatened revenge for the killing.
