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Petrol and diesel price hikes look inevitable

Petrol and diesel were last increased on July 17 and July 15, respectively

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Twesh Mishra
Petrol and diesel prices are likely to rise on global cues. Crude oil prices in the international market rose to six-week high lately, but domestic prices have been unchanged. The current sale price of petrol and diesel are Rs 101.19 a litre and Rs 88.62 a litre respectively in the national capital.

"The optimism about global economic growth despite the COVID-19 pandemic along with more than anticipated fall in the US crude oil inventories have further bolstered the crude oil market sentiment. Brent crude oil had closed at $75.31 a barrel on September 17," said an official at one of