INSUBCONTINENT EXCLUSIVE:
Petrol and diesel prices stood at Rs 70.13 a litre and Rs 64.18 a litre in Delhi on MondayPetrol prices were hiked by 37-40 paise per litre
and diesel rates by 49-53 paise per litre on Monday
That marked fifth consecutive hike in domestic fuel prices, and sixth overall so far this year
In Delhi, price of petrol crossed Rs 70 a litre mark for first time in 2019
The upwards price revision comes on back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts
Currently, oil marketing companies in country revise domestic prices of petrol and diesel on a daily basis, in line with movement in
international crude oil and rupee-dollar forex rates.Petrol price in rupees per
petrol prices were at Rs 70.13 per litre in Delhi, Rs 72.24 per litre in Kolkata, Rs 75.77 per litre in Mumbai and Rs 72.79 per litre in
Chennai, according to Indian Oil Corporation - country's largest fuel retailer
Diesel prices stood at Rs 64.18 per litre, Rs 65.95 per litre, Rs 67.18 per litre and Rs 67.78 per litre respectively.Besides Monday's
hike, petrol and diesel were hiked on January 7, and every day from January 10 to January 13
registered last month.Brent crude futures - international benchmark for crude oil - dropped by $1.2 to settle nearly 2 per cent lower at
$60.48 a barrel on Friday
The global crude benchmark had previous day logged its first nine-day rally since September 2007.(With agency inputs)
