Petrol prices continue to scale higher, selling at record ₹84.70/litre in NCR
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Petrol prices in Delhi in the new year so far have risen by 99 paise per litre, including today s increase. (Photo: Ramesh Pathania/Mint)
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NEW DELHI: Domestic petrol prices have continued to scale higher, with oil marketing companies raising prices again on Thursday. The fuel sold for ₹84.70 a litre an all-time high in the national capital.
Retail prices of petrol and diesel were raised by 25 paise per litre on Thursday. Diesel sold for ₹74.88 per litre in Delhi.
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At ₹84.45 per litre, petrol prices hit an all-time high in the capital
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The retail price of petrol, which was last increased on 7 January, was raised by 25 paise per litre on Wednesday
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Petrol prices scaled a record high on Wednesday, in line with rising global fuel prices and positive news on coronavirus vaccines, increasing calls for the government to lower taxes on transportation fuels.
Oil marketing companies (OMCs) raised the retail price of petrol by 25 paise to ₹84.45 per litre in Delhi. Diesel prices were raised by an equal amount to ₹74.63 per litre.
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In this file photo, Aramco’s Tanajib oil complex located on the coast of the Arabian Gulf, about 200 km north of Dammam is seen.
SAUDI ARABIA, the kingpin of the Organisation of the Petroleum Exporting Countries (Opec), has taken a complete “U-turn”.
Until recently the kingdom was insisting that there was no possibility of any unilateral output cut by Riyadh until other major players including Russia in the extended Opec+ agree to a coordinated, combined move, with everyone contributing. For the last number of years, Saudi Arabia has been insisting; it was not ready to act as the global swing producer of the oil world anymore. But all this changed almost overnight.