INSUBCONTINENT EXCLUSIVE:
Petrol and diesel prices are broadly determined by changes in crude oil and rupee-dollar forex rates
Petrol and diesel prices were kept steady on Wednesday
With effect from 6 am on March 27, petrol prices stood at Rs 72.86 per litre in Delhi and Rs 78.48 per litre in Mumbai, according to Indian
Oil Corporation's website - iocl.com
Diesel prices were at Rs 66.49 per litre and Rs 69.64 per litre in Delhi and Mumbai respectively
Domestic petrol and diesel prices, based on factors such as global oil rates and rupee-dollar exchange rates, are currently reviewed by
state-run oil marketing companies on a daily basis
Any revisions are effected at fuel pumps at 6 am
Here are 10 things to know about the petrol and diesel rates today:Wednesday's marked the third consecutive day on which
the fuel rates were left unchanged by oil marketing companies
In case of diesel, the prices were kept steady for a second straight day
increased in the range of Rs 1.11-1.19 per litre so far this month, data from Indian Oil showed.On the other hand, the diesel rates have
been lowered by Rs 0.51-0.54 per litre.In Kolkata, petrol and diesel prices stood at Rs 74.93 per litre and Rs 68.28 per litre on Wednesday
respectively.In Chennai, the rates were at Rs 75.67 per litre and Rs 70.26 per litre respectively, according to the Indian Oil
website.Petrol and diesel prices are determined broadly by the rates of crude oil overseas and rupee-dollar in the forex market.The fuel
rates vary from city to city and from pump to pump, depending on local taxes and transportation cost.Brent crude futures - the international
benchmark for crude oil - were last seen trading 0.2 per cent higher at $68.13 per barrel on Wednesday, not far off its year-to-date high of
$68.69 hit last week.Global crude oil rates have gone up about 2.9 per cent so far this month
as 16 paise lower to 69.02 against the greenback at the day's weakest point.(With agency inputs)Get the latest election news, live updates
and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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