Even in the national capital region of Noida, petrol is being sold at Rs 69.79 a litre and diesel at Rs 62.18 a litre. Likewise in Gurugram, petrol, diesel prices were revised to Rs 70.12 and Rs 62.79, respectively.
Over the past three months, petrol rates have come down by over 15 per cent in Delhi while the benchmark Brent crude oil has dipped by 30 per cent. As 80 per cent of India’s fuel requirements are imported, petrol and diesel rates are directly linked to international crude oil rates.
Oil prices fell by 1 per cent on Thursday on swelling US supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth, news agency Reuters reported.
On Thursday, Brent crude futures were trading at $60.84 per barrel, down 0.96 per cent from their previous close on swelling US supplies. Crude prices have increased by over 10 per cent in the last six trading sessions.