Petrol prices jump ₹1.59 per litre in six days after attacks on Saudi facilities

NEW DELHI: Petrol prices have soared by ₹1.59 a litre and diesel by ₹1.31 in the last six days—the most since daily price revision was introduced in 2017, as a massive strike at Saudi Arabian oil facilities jolted oil markets.

Petrol price was on Sunday hiked by 27 paise to ₹73.62 a litre in the Delhi market, the benchmark for national rates, according to a price notification by state-owned oil firms. Price of diesel was increased by 18 paise to ₹66.74 per litre in Delhi.

This is the sixth straight daily increase and has taken the cumulative price hike since September 17 to ₹1.59 per litre in case of petrol and ₹1.31 for diesel.

Global oil prices 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% of the global supply.

Oil prices have cooled since the spike on September 16 but remain on the edge.