Reportedly petrol prices continued its upward stride and crossed the Rs 74 mark in the national capital while in mumbai it is about to touch Rs 80. Meanwhile on Tuesday, petrol and diesel prices once again shot up, continuing its steep rise over the past week. While petrol in delhi touched Rs 74.13 and saw a hike of 22 paise since Monday, diesel rate was at Rs 67.07 after a 14 paise jump.
Furthermore in mumbai, petrol price is at Rs 79.79 per litre and diesel at Rs 70.37 and this is the eighth consecutive day when fuel prices in india have seen a continuous rise following the drone attack on Saudi oil plants that jolted global oil markets. Apparently global oil prices have shot up the most since the Gulf war in the immediate aftermath of the unprecedented drone missile strikes on key oil facilities in saudi arabia that disabled 5 per cent of the global supply.
Moreover india depends on saudi arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies. Perhaps Oil Minister dharmendra Pradhan on Thursday spoke to saudi arabia's new oil minister prince Abdulaziz bin Salman to discuss the supply plan. saudi arabia, according to Pradhan, has assured india of meeting all its committed oil supplies and india buys around 2,00,000 tonnes of LPG every month from saudi arabia.
