new Delhi: Iran – America has reached the brink of war. The impact of the ongoing tension between the two countries is now beginning to show on the oil prices. Petrol and Diesel prices rose for the fourth consecutive day on Sunday. Petrol has become costlier by 40 paise, while diesel by 55 paise per liter in the country's capital Delhi.
After the rise in crude oil in the international market, there is no possibility of getting relief from the inflation of petrol and diesel. Oil marketing companies on Sunday increased the price of petrol by nine paise per liter in Delhi, Kolkata, Mumbai and Chennai. At the same time, diesel has become expensive by 11 paise in Delhi, Chennai and Kolkata, while in Mumbai, 12 paise per liter has become expensive.
According to the website of Indian Oil, the price of petrol in Delhi, Kolkata, Mumbai and Chennai has increased to Rs 75.54, Rs 78.13, Rs 81.13 and Rs 78.48 per liter respectively. At the same time, the price of diesel in the four metros has increased to Rs 68.51, Rs 70.87, Rs 71.84 and Rs 72.39 per liter respectively.
Bentur crude's March delivery contract on the International Futures Market Intercontinental Exchange, ie ICE, closed at $ 68.66 a barrel, up 3.64 percent over the previous session. At the same time, WTI's February contract on the New York Merke Tile Exchange, ie Nymax, gained 3.02 percent to close at $ 63.03 a barrel.
In the international market, the price of crude oil remains at a high level of three and a half months. Tensions between the US and Iran have again increased due to increased military tensions in the Gulf region, which is expected to keep prices rising amid fears that crude oil supplies will be affected.