Petrol, Diesel Prices Rise For Fourth Day Amid Tensions In Middle-East

Fuel prices went up for the fourth consecutive day on Sunday on the heels of international oil prices also shooting up. Prices across the globe have risen following the United States’ assassination of Iranian General Qassem Soleimani on Friday, PTI reported. The killing has triggered concerns of fresh conflict over oil in crude-rich West Asia.

The retail pump price of petrol was increased by nine paise per litre and diesel by 11 paise a litre. In Delhi, petrol costs Rs 75.54 per litre – the highest in over a year. Diesel in the national Capital was priced at Rs 68.51 for every litre.

Oil prices soared more than 3% on Friday following Soleimani’s death. The top Iranian military commander’s killing represented “a significant spike in geopolitical risks and could lead to a direct confrontation between the US and Iran,” said Oxford Economics, according to AFP.