new Delhi: Due to tension in the Gulf region, crude oil prices rose more than two per cent in the international market on Monday. After the incident of seizure of British Tanker by Iran, the continuous increase in crude oil continued for the third consecutive day due to increased tension in the Gulf region. However, domestic oil marketing companies have not made any changes in the prices of petrol and diesel. In the international market, the prices of crude oil in the Indian futures market also rose about 2.5 percent.
On the Multi Commodity Exchange (MCX), the August futures contract for crude oil rose by Rs 93, or 2.43 per cent, to Rs 3,921 per barrel, at 15.35 pm, before the price jumped up to Rs 3,943 per barrel.
On the other hand, the September futures contract of Brent crude on the International Forward Markets Intercontinental Exchange (ICE) was up 2.11 percent at $ 63.79 a barrel, before Brent crude jumped up to $ 64.02 a barrel. At the same time, the American Light Crude West Texas Intermediate (WTI) on August delivery contract moved up 1.78 percent and was trading at $ 56.62 a barrel, before that the WTI price jumped to $ 57.02 a barrel.
According to IndianOil's website, the prices of petrol remained unchanged at Rs 73.35, Rs 75.77, Rs 78.96 and Rs 76.18 per liter respectively in Delhi, Kolkata, Mumbai and Chennai on Monday. In the four metros, the price of diesel has also remained unchanged at Rs 66.24, Rs 68.31 and Rs 69.43 and Rs 69.96 per liter respectively. Diesel prices remained steady for 10 consecutive days and there was no change in the price of petrol for the fourth consecutive day.