Petrol, diesel prices today — 26 June: Fuel rate in Delhi, Kolkata, Mumbai, Bengaluru, other cities as oil edges lower
Petrol and diesel prices today: Fuel prices remained steady on Friday, 26 June, across Indian cities even though oil prices edged lower amid easing supply
Petrol and diesel prices today: Fuel prices remained steady on Friday, 26 June, across Indian cities even though oil prices edged lower amid easing supply concerns. Brent crude futures declined 0.25% by 19 cents to settle at $75.07 a barrel as of 0055 GMT, while U.S. West Texas Intermediate plunged 0.18%, by 13 cents to trade at $71.79 a barrel, Reuters reported. On Thursday, oil prices rebounded for the first time in five days after a cargo ship was attacked in the Strait of Hormuz which renewed concerns over safe passage of vessels through the crucial waterway. Crude shipments through the Strait registered record increase this week since the onset of West Asia conflict in February after a ceasefire deal reopened the waterway. Also Read | Cargo ship struck by unknown projectile near Hormuz, UK Maritime Agency reports The global benchmark briefly erased all of its wartime gains on 25 June following uptick in transits of oil vessels through the Persian Gulf.
Ever since US and Iran signaled progress toward a lasting agreement to end the war, millions of oil barrels were added to the global market. In the wake of optimism over peace deal, oil futures rapidly declined recently and are still on track for a third weekly loss, Bloomberg reported. Despite significant turbulence in the global market, retail price of petrol and diesel in India continue to mirror those that existed after last revision of 25 May. Last month, state-run Oil Marketing Companies (OMCs) hiked fuel prices. After multiple revisions, petrol and diesel prices witnessed cumulative increase of about ₹7.50 and ₹7.60 per litre in petrol and diesel prices, respectively. City-wise petrol prices on 26 June City Price New Delhi ₹ 102.12 Kolkata ₹ 113.51 Mumbai ₹ 111.21 Chennai ₹ 107.76 Gurugram ₹ 102.97 Noida ₹ 101.96 Bengaluru ₹ 111.68 Bhubaneswar ₹ 108.97 Chandigarh ₹ 101.54 Hyderabad ₹ 115.69 Jaipur ₹ 113.19 Lucknow ₹ 101.86 Patna ₹ 113.37 Thiruvananthapuram ₹ 115.49 City-wise diesel prices on 26 June City Price New Delhi ₹ 95.20 Kolkata ₹ 99.82 Mumbai ₹ 97.83 Chennai ₹ 99.55 Gurugram ₹ 95.64 Noida ₹ 95.44 Bengaluru ₹ 99.56 Bhubaneswar ₹ 100.68 Chandigarh ₹ 89.47 Hyderabad ₹ 103.82 Jaipur ₹ 98.25 Lucknow ₹ 95.36 Patna ₹ 99.36 Thiruvananthapuram ₹ 104.40 According to Wall Street Journal, the vessel was struck in an Iranian attack.
However, a White House official said it was too soon to confirm who carried out the strike. Due to this fresh incident of cargo attack, several commercial ships took a u-turn while attempting to transit Hormuz. Amid fresh doubts over normalization of flows through the strait, the International Maritime Organization, the United Nations’ global shipping regulator, on Thursday suspended its evacuation operations in the strait, Bloomberg reported. Also Read
