Petrol, diesel price hike continues for sixth-day straight after Saudi Arabia's Aramco attack

Global crude oil prices have been rising sharply in the aftermath of the drone missile strikes on key oil facilities in Saudi Arabia that halted 5 per cent of the global supply.

Published: 22nd September 2019 04:04 PM  |   Last Updated: 22nd September 2019 04:07 PM   |  A+A-

Petrol price hike, Petrol pump, Petrol price

Picture for Representational purposes (File Photo | PTI)

By IANS

NEW DELHI: Petrol and diesel prices witnessed a sharp jump on Sunday - the highest in the last six days after the drone attack on the oil processing facility of Saudi Arabia earlier this month.

The Petrol price rose by 27 paise to Rs 73.62 a litre in Delhi. The rate of diesel was increased by 18 paise to Rs 66.74 per litre.

The increase has taken the overall price hike since September 17 to Rs 1.59 per litre in case of petrol and Rs 1.31 for diesel.

Similar hike in petrol and diesel prices has also been recorded in various cities across the country.

ALSO READ: Saudi oil output cut in half after drones strike Aramco site

The price of petrol was at Rs 76.32 per litre in Kolkata, Rs 79.29 per litre in Mumbai and Rs 76.52 per litre in Chennai, according to notifications from state-run Indian Oil Corporation (IOC).

Similarly, the rate of diesel was at Rs 69.15 per litre in Kolkata, Rs 70.01 per litre in Mumbai and Rs 70.56 per litre in Chennai after the hike on Sunday.

Global crude oil prices have been rising sharply in the aftermath of the drone missile strikes on key oil facilities in Saudi Arabia that halted 5 per cent of the global supply.

ALSO READ: We are committed to meet India's energy security needs, says Saudi Arabia

On September 16, crude oil prices soared 15 per cent, the highest in 20 years on a single day.

On Friday, the benchmark Brent prices rose by $4.50 per barrel to $64.63 per barrel.

Analysts have warned that the attacks on Saudi Aramco's oil facilities may add a risk premium to oil and gasoline prices, at least for the time being.

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  • Vipra

    Modi ji fix take care of ALL of our problems . These are trivial issues that should not be highlighted at all. we are head towards a TEN Trillion dollar economy in another 10 years > Patience please . This is time to make sacrifices
    27 days ago reply
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