The prices of petrol and diesel have remained unchanged on Sunday, June 14. Ever since the US-Iran War began, fuel prices have been hiked for four times, with the latest increase of Rs 2.6 and Rs 2.7 per litre respectively announced last month. So far, prices have increased by Rs 7.5-8 since the start of the US-Iran war as global oil prices have soared due to ongoing conflict in the Middle East that has impacted oil marketing companies significantly.
State-owned oil firms incurred losses Rs 1,600-1,700 crore per day, over Rs 1 lakh crore in 10 weeks amid the crisis. Consumers are facing a sharp rise in fuel expenses once again, with petrol prices in several cities are set to touch the Rs 114-per-litre, revealing the widening gap in fuel costs across states.
Diesel prices on June 14
- Petrol price in Delhi : Rs 102.12/litre
- Petrol price in Kolkata : Rs 113.51/litre
- Petrol price in Mumbai : Rs 111.21/litre
- Petrol price in Chennai : Rs 108.01/litre
- Petrol price in Hyderabad: Rs 115.73/litre
- Petrol price in Bengaluru: Rs 110.89/litre
Diesel prices on June 14
- Diesel price in Delhi : Rs 95.20/litre
- Diesel price in Kolkata : Rs 99.82/litre
- Diesel price in Mumbai : Rs 97.83litre
- Diesel price in Chennai: Rs 99.66/litre
- Diesel price in Hyderabad : 103.82/litre
- Diesel price in Bengaluru: 98.80/litre
Read More: Brent Crude Slides To $86 As Trump Claims 'Great Settlement' In Iran War
Global crude prices
Global oil prices dropped to one its lowest level since the initial days of the US-Iran war as signs of flows through the Strait of Hormuz are rising and on progress towards peace deal.
Brent futures dipped 3.4% to settle at $87.3, and ended the week down 6.2%. West Texas Intermediate settled 3.2% lower on Friday.
The latest drop comes after a volatile week in which Trump alternated between threatening fresh military action against Iran and suggesting that a diplomatic breakthrough was imminent.
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