In Kerala’s Thiruvananthapuram city, a liter of petrol costs Rs 109.73 and diesel costs Rs 98.53. In Kochi, petrol price is Rs 107.78 and diesel price is Rs 96.70. In Kozhikode city, petrol price is Rs 108.28 and diesel price is Rs 97.20.
As Asian commodity markets resumed trading on Monday morning, crude oil prices were marginally lower. News that aid has been delivered to conflict-affected Gaza as part of diplomatic efforts led to a slight drop in crude oil prices. But if the conflict continues, crude prices will rise again. Observers point out that the price is likely to rise up to 95 dollars per barrel.
Brent crude futures, the most heavily traded in recent days, were also down 0.7 percent at $91.56. The US WTI futures contract lost 0.7 percent to $87.47. Israel’s temporary suspension of strikes against Hamas under US pressure suggests the conflict may not spill over into the rest of the region, brokerage firm ANEZ Research said in a report to clients. Along with this, the United States also decided to ease the sanctions against Venezuela, which is also a member of the OPEC group. This also led to a slight correction in crude oil prices.
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The exchange rate of the rupee is at the level of 83.05 against the dollar.
