Petrol, diesel price on 7th August 2018: Check out rates in metro cities

New Delhi: Petrol and Diesel prices were raised in four metro cities applicable from 6:00 a.m. on 7th August 2018.

Petrol prices were hiked by 9 paise in Delhi, Mumbai, and Chennai respectively while in Kolkata petrol prices were hiked by 11 paise. Diesel prices were hiked by 6 paise in Delhi, Mumbai, and Chennai respectively while in Kolkata diesel prices were hiked by 9 paise.

Global crude oil prices have surged nearly 20 percent this year and crossed $80 a barrel in May, their highest since 2014. 

Oil markets started cautiously on Tuesday, as many traders in Asia were reluctant to take on new positions ahead of the introduction of US sanctions against major crude exporter Iran. Spot Brent crude oil futures were at $73.74 per barrel at 0100 GMT on Tuesday, down 1 cent from their last close. US West Texas Intermediate (WTI) crude futures were down 8 cents at $68.93 barrel, according to a report by news agency Reuters.

Members of the Organisation of the Petroleum Exporting Countries (OPEC), in June agreed to jointly increase oil production, which was estimated to be about one million barrels a day. The deal, which came after a week of tense negotiation, was reportedly aimed at easing fears of a global supply crunch.

Prices of non-branded petrol in metro-cities

Cities	(Rs/litre)
New Delhi	77.06
Kolkata	80.00
Mumbai	84.50
Chennai	80.05

Prices of non-branded diesel in metro-cities

Cities	(Rs/litre)
New Delhi	68.50
Kolkata	71.31
Mumbai	72.72
Chennai	72.35

(Source: Indian Oil) Prices may vary from outlet to outlet within a city