NEW DELHI : As crude oil rates begin to rise, petrol and diesel prices were left untouched today. After being cut for 4-6 consecutive days till yesterday, petrol prices are now at a 8-month low while diesel is at a 9-month low.

In Delhi, a litre of petrol is priced at ₹71.49 per litre and diesel at ₹64.03 per litre. In Mumbai, petrol is selling at ₹77.13 per litre and diesel at ₹67.05 per litre. In Chennai, a litre of petrol will cost ₹74.23 per litre whereas diesel is now priced at ₹67.57 per litre. In Bengaluru, petrol is now selling at ₹73.89 and diesel at ₹66.22. In Hyderabad, petrol pumps will charge ₹75.94 for petrol and ₹69.71 for diesel.

As petrol and diesel prices are decided by state-run fuel retailers, the Congress has blamed the Centre saying that prices of aviation turbine fuel (ATF) have fallen in comparison to the fuel prices. "The fuel prices of scooter, car, tractor and motorcycle have become expensive, whereas, the aviation fuel price has become cheaper," Congress chief spokesperson Randeep Surjewala said.

Crude oil rates have been dropping this year due to fears that coronavirus could dent global demand. Brent and WTI have each fallen about 27% their 2020-peak reached in January. Brent crude rose by 58 cents, or 1.12%, to $52.44 a barrel at 0212 GMT, after settling down 4 cents in the previous session.

Morgan Stanley on Tuesday cut its second-quarter 2020 Brent price forecast to $55 per barrel and its WTI outlook to $50 on expectations that China's 2020 oil demand growth would be close to zero and demand outside China may slow further because of the virus.

(Agency inputs)

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