Petrol and diesel prices held steady across metro cities on December 2, the latest price notification issued by fuel retailers showed.
In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre.
Petrol and diesel are priced at Rs 102.63 and Rs 94.24 per litre in Chennai and at Rs 106.03 and Rs 92.76 a litre in Kolkata, respectively.
Whereas, oil prices settled largely unchanged on Thursday, retreating from an early rally built on dollar weakness and hopes for improved fuel demand in China after COVID-19 curbs were eased in two major Chinese cities.
Brent Crude futures settled 9 cents lower at $86.88 a barrel. U.S. West Texas Intermediate crude futures settled at $81.22 a barrel, up 67 cents or 0.8%.
Also read: Power Ministry announces scheme to procure 4,500 MW electricity supply for five years
Both benchmarks remain on target for their first weekly gains after three consecutive weeks of decline. On Monday, Brent touched $80.61, lowest since January 4.
The Organization of the Petroleum Exporting Countries (OPEC) and allies will meet virtually on December 4, although a policy change is seen unlikely.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.