Petrol price today: Petrol and diesel prices were increased for the second consecutive day on Friday by the Oil Marketing Companies (OMCs) across all major cities of the country. The hike in fuel prices has been made in the range of 18-32 paise. After the latest revision, petrol in the national capital is being retailed at Rs 69.07 per litre, an increase of 19 paise from yesterday’s price of Rs 68.88. Likewise, diesel in Delhi is being sold at Rs 62.81 per litre, a jump of 28 paise from yesterday’s rate of Rs 62.53.

Petrol price in Mumbai went up by 19 paise to Rs 74.72 per litre against yesterday’s rate of Rs 74.53. Diesel in Mumbai became costlier by 30 paise to Rs 65.73. In Noida, the petrol price rose to Rs 69.24 while diesel price was hiked by 24 paise to Rs 62.42 per litre. In Gurugram, petrol and diesel prices rose to Rs 70.27 and Rs 63.03 respectively.

In other metro cities including Chennai and Kolkata, petrol is being sold at Rs 71.67 per litre and Rs 71.20 per litre, respectively. Diesel prices in these cities soared to Rs 66.31 per litre and Rs 64.58 per litre, respectively.

Crude prices scaled up on Thursday which was supported by comments from the US Federal Reserve chairman, but gains were capped as optimism surrounding US-China trade talks faded. On December 31, petrol prices touched their lowest level of entire 2018, while diesel prices reached their lowest since March-end.

Increase in international crude oil prices is negative signs for India as it imports over 80 per cent of its total oil consumption. Last year in October, oil prices surged to relentless heights creating havoc like situation in the country but soon declined to the lowest level after the OPEC nations agreed upon squeezing production. Saudi Arabia promised to lower down its oil production to the level of 800 barrels a day.