Petrol, diesel prices soar today by whopping 48p and 55p respectively; check rates in Delhi, Mumbai, Kolkata and more

Petrol, diesel prices: There is no relief at all for the common man on the fuel rates front. In Delhi and Mumbai prices are continuing to rise as petrol rose to Rs 79.99 per litre (up by Rs 0.48 per litre) in the national capital, while it increased to Rs 87.39 per litre (up by Rs 0.48 per litre) in Mumbai. Diesel prices also increased by Rs 0.52 per litre (Rs 72.07 per litre) in Delhi, and in Mumbai by Rs 0.55 per litre (Rs 76.51).
 
In other metro cities the prices of the petro products are rising in the same fashion, a litre of petrol in Kolkata is at Rs 82.88 today, while in Chennai at Rs 83.13. 
 
Similarly, a litre of diesel is now available at Rs 74.92 in Kolkata, at Rs 76.17 in Chennai, as per data on goodreturns.in.
 
The current pricing scenario shows that petrol and diesel prices in India are at all time-highs. These levels were not witnessed before when international crude oil was trading at $100 per barrel during the year 2014.

Petrol price in other cities, according to goodreturns.in

Diesel price in other cities, according to goodreturns.in

On the international front, oil prices were stable today, as the market balanced a fall in US crude inventories to the lowest levels since 2015, with Sino-American trade tensions and economic weakness from emerging markets, said a Reuters report, adding that US West Texas Intermediate (WTI) crude futures were at $67.79 per barrel at 0303 GMT, up just 2 cents from their last settlement. 
 
Meanwhile, international Brent crude futures dipped 4 cents to $76.46 a barrel. US commercial crude oil inventories fell by 4.3 million barrels to 401.49 million barrels in the week to Aug. 31, the lowest since February 2015, US Energy Information Administration (EIA) data showed on Thursday, Reuters added.
 
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Outside the United States, US sanctions against major oil producer Iran, which from November will target oil exports, are reportedly fuelling expectations of a tighter market towards the end of the year.