Petrol and diesel costs throughout main cities of the nation remained unchanged for the third consecutive day on Thursday whilst world crude oil costs slumped to multi-year lows because of worth battle between Russia and OPEC international locations. Based on the official web site of Indian Oil Company, on Tuesday, in Delhi, a litre of petrol is priced at Rs 69.59 per litre and diesel at Rs 62.29 per litre. In Mumbai, petrol is promoting at Rs 75.30 per litre and diesel at Rs 65.21 per litre. In Chennai, a litre of petrol will value Rs 72.28 per litre whereas diesel is now priced at Rs 65.71 per litre, whereas in Kolkata, petrol and diesel will value Rs 64.62 and Rs 72.29, respectively.
In the meantime, on the worldwide entrance, oil costs rose on Thursday however pared early positive factors as traders tried to evaluate how efficient large stimulus by central banks will probably be in shoring up the worldwide economic system because the shock from the coronavirus pandemic deepens.
Bucking panic promoting in different monetary markets, Brent crude was up 37 cents, or 1.1 per cent at $25.25 a barrel by 9:25 am, having earlier risen to $27.19. The worldwide benchmark slumped 13% on Wednesday in a 3rd day of relentless promoting.
US oil gained $1.44, or 7.1 per cent, to $21.81 after surging practically 20 per cent earlier. The US benchmark dropped practically 25 per cent within the earlier session.