Petrol, Diesel Prices: Check Out Fuel Rates In Metro Cities Today
After hiking petrol and diesel rates for six straight days, fuel retailers on Wednesday, kept the rates unchanged across metros. A litre of petrol was being sold in New Delhi for Rs. 77.06, in Kolkata for Rs. 80, in Mumbai for Rs. 84.50, and in Chennai for Rs. 80.05. A litre of diesel was being sold in New Delhi for Rs. 68.50, in Kolkata for 71.31, in Mumbai for Rs. 72.72, and in Chennai for Rs. 72.35, showed data from Indian Oil Corporation, country's largest fuel retailer. These petrol and diesel prices came into effect from 6 am on Wednesday.
Globally, oil prices held steady on Wednesday, supported by a report of rising US crude inventories as well as the introduction of sanctions against Iran. Front-month US West Texas Intermediate (WTI) crude futures were at $69.28 per barrel, up 11 cents from their last settlement, reported news agency Reuters.
Brent crude oil futures were at $74.61 per barrel, down 4 cents from their last close. Both futures contracts have risen during the previous two sessions.
The US government introduced a raft of new sanctions against Iran on Tuesday, targeting Iran's purchases of US dollars - in which oil is traded - metals trading, coal, industrial software and its auto sector.
From November, Washington will also target Iran's petroleum sector.
Iran is the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC). It shipped out almost 3 million barrels per day (bpd) of crude in September, equivalent to around 3 percent of global demand.
(With Reuters inputs)
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