Oil prices remained steady in early morning trading on Monday, following a significant 7% drop last week. This decline has been attributed to concerns over reduced demand from China and ongoing conflicts in the Middle East. Brent crude futures rose by 8 cents, or 0.11%, reaching $73.14 per barrel, while US West Texas Intermediate (WTI) crude futures increased by 10 cents, or 0.14%, to $68.32 per barrel. The situation escalated as Israel announced plans to target financial sites in Lebanon and Beirut.
In related developments, commercial owners in Mizoram have declared an indefinite strike set to begin on October 23 due to recent increases in petrol and diesel prices. Current prices in the state stand at Rs 99.24 per litre for petrol and Rs 88.02 per litre for diesel, with the Mizoram government refusing to reduce these rates.
For context, petrol and diesel prices vary across major cities:
Kolkata: Petrol at Rs 104.95, Diesel at Rs 91.76
Hyderabad: Petrol at Rs 107.41, Diesel at Rs 95.65
Indore: Petrol at Rs 106.32, Diesel at Rs 91.74
Mangalore: Petrol at Rs 102.47, Diesel at Rs 88.39
Thane: Petrol at Rs 103.69, Diesel at Rs 90.02
Allahabad: Petrol at Rs 95.34, Diesel at Rs 88.51
Noida: Petrol at Rs 94.80, Diesel at Rs 87.93
Mumbai: Petrol at Rs 103.44, Diesel at Rs 88.97
Kanpur: Petrol at Rs 94.39, Diesel at Rs 87.45
Chennai: Petrol at Rs 100.75, Diesel at Rs 92.35
Jaipur: Petrol at Rs 104.88, Diesel at Rs 90.36
Faridabad: Petrol at Rs 95.50, Diesel at Rs 88.35
As these developments unfold, consumers continue to monitor fluctuating fuel prices across the nation.
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