Petrol price scale another record high, retail at ₹86.30 per litre in Delhi
NEW DELHI : Transportation fuel prices continued their upward trajectory, as the retail price of petrol registered a new record high on Wednesday in Delhi with oil marketing companies (OMCs) increasing pump prices by 25 paise a litre to ₹86.30. Diesel prices were also up by 25 paise a litre to retail at ₹76.48 a litre in the National Capital Region.
Diesel was retailing at a record high in Mumbai at ₹83.30 a litre. On 30 July 2020, diesel had peaked to an all-time high of ₹81.94 a litre in Delhi. OMCs started increasing auto fuel prices since early January, after holding steady for 29 days.
With Saudi Arabia, the world’s largest oil producer reducing production, and fears of tightening physical supply despite ongoing vaccination drive worldwide, the global crude oil prices have risen. While Brent was trading at $56.12 per barrel, while West Texas Intermediate trading at $52.82 a barrel, at the time of writing this article.
