2023-12-20 02:00:46
Crude oil prices continue to rise in the international market. Key crude oil derivative contracts rose by more than a dollar. Following the threat of attack by the Houthi armed group operating in Yemen with the support of Iran, a number of shipping companies have decided to avoid cargo and commercial ship services through the Red Sea, supporting the rise in crude oil prices.
Both key crude oil derivative contracts rose over 1 percent in late trade on Tuesday as geopolitical risk factors came to the fore. Brent crude futures were up 1.6 percent at $79.23 a barrel and US WTI crude futures were flat at $73.44 a barrel. This is the highest level recorded in crude oil during the month of December.
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At the same time, the United States has stated that it will set up an international security force to counter Houthi attacks in the Red Sea and to secure shipping. But the Houthis also responded that they will continue to attack US ships and Israel. The Houthis attacked a Norwegian-owned ship on Monday. Following this, crude oil prices increased by two percent.
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Vehicle fuel rates
The government has not announced any changes in vehicle fuel prices in the country on Wednesday. In Delhi, the price of a liter of petrol remains at Rs 96.72 and diesel at Rs 89.62. In Mumbai, petrol remains unchanged at Rs 106.31 and diesel at Rs 94.27. A liter of petrol in Kolkata costs Rs 106.03 and diesel Rs 92.76. Petrol price in Chennai remains unchanged at Rs 102.63 and diesel at Rs 94.24.
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Similarly, there has been no change in petrol and diesel prices in Kerala today. In Thiruvananthapuram district, the price of petrol remains unchanged at Rs 109.73 and diesel at Rs 98.53 per litre. Petrol price in Kochi is Rs 107.78 and diesel is Rs 96.70. In Kozhikode, the cost of one liter of petrol was Rs 108.28 and diesel was Rs 97.20.
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