INSUBCONTINENT EXCLUSIVE:
Petrol, Diesel prices today: Any revisions in fuel prices are implemented at the fuel stations from 6 am.Petrol prices were increased by up
to 8 paise per litre while diesel rates were slashed by 7-8 paise per litre across four metro cities on Saturday, according to state-run
Indian Oil Corporation's official website - iocl.com
Currently, the domestic prices of petrol and diesel vary from state to state, and are reviewed by oil marketing companies such as Indian
Oil, Bharat Petroleum and Hindustan Petroleum on a daily basis
Any revisions are implemented at the fuel stations from 6 am.1
With effect from 6 am on March 16, petrol prices stood at Rs 72.63 per litre in Delhi, Rs
78.25 per litre in Mumbai, Rs 74.71 per litre in Kolkata and Rs
75.43 per litre in Chennai, according to Indian Oil Corporation.2
Diesel prices were lowered to Rs
68.94 per litre and Rs 70.96 per litre in Delhi, Mumbai, Kolkata and Chennai respectively on Saturday, according to Indian Oil, the
As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a fifteen-day average
and the value of the rupee
This is because a large proportion of country's requirement is met through imports.4
Globally, US crude futures eased slightly on Friday after hitting a 2019 high, as worries about the global economy and robust US production
Brent crude futures settled down 7 cents at $67.16 a barrel, below their 2019 peak of $68.14 reached on Thursday, according to news agency
Reuters.(With inputs from agencies)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
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