NEW DELHI : As a result of spike in crude oil rates, petrol prices went up by more ₹6.3 a litre in 2019 and diesel by ₹5.1 a litre. In Mumbai, a litre of petrol costs ₹80.79 a litre and diesel ₹71.31 a litre. In Chennai, petrol costs ₹78.12 for petrol and ₹71.86 for diesel. Petrol and diesel prices are revised daily on the basis of changes in their benchmark international fuel prices and rupee-dollar exchange rate. Brokers and analysts expect growing U.S. supplies to offset cuts from OPEC in 2020 amid sluggish worldwide demand, weighing on oil prices.

Source: Mint December 31, 2019 03:56 UTC