Hello Readers! 

We are all aware that petrol and diesel prices for each state in India are calculated on daily basis. The prices of petrol and diesel were at their highest since September 2018. However, for the last two consecutive days, that is on 8^th December and 9^th December, the prices of petrol and diesel remain unchanged across major Indian cities.

There was a continuous increase in the price of petrol and diesel recorded till 7^th December, moving towards their highest levels since October 2018.

If we talk about the heart of India, our capital Delhi, the current price of petrol trending in Delhi is Rs 83.71 per liter, while diesel costs Rs 73.87, according to Indian Oil Corporation's website. According to a PTI report, the petrol price was hiked by Rs 2.65 per liter in 18 days, and the diesel rate by Rs 3.41.

Well, as per experts, the slight fell in the price of oil on 9^th December is due to positive news on the COVID-19 vaccine, which has helped cover losses that were caused due to a jump in US oil inventories.

As per the reports presented by Reuters, Brent crude futures slipped 13 cents to $48.71 a barrel by 0151 GMT, while US West Texas Intermediate (WTI) crude futures dropped or 0.3 percent, to $45.45.

Here are the current fuel prices in major Indian cities:

• Delhi: Petrol - Rs 83.71 per liter; Diesel - Rs 73.87 per liter
• Mumbai: Petrol - Rs 90.34 per liter; Diesel - Rs 80.51 per liter
• Chennai: Petrol - Rs 86.51 per liter; Diesel - Rs 79.21 per liter
• Kolkata: Petrol - Rs 85.19 per liter; Diesel - Rs 77.44 per liter
• Bengaluru: Petrol - Rs 86.51 per liter; Diesel - Rs 78.31 per liter

For any kind of query you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee of future returns).