INSUBCONTINENT EXCLUSIVE:
The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex ratesPrices of petrol and diesel were slashed
across the four metro cities on Saturday by oil-marketing companies for the third straight day
72.15 per litre in New Delhi, Rs
74.21 per litre in Kolkata, Rs
77.75 per litre in Mumbai and Rs
74.90 per litre in Chennai, according to state-run Indian Oil Corporation's (IOC) website, iocl.com
Petrol prices were cut by 48 paise per litre in Delhi and Mumbai
In Kolkata and Chennai, the prices were slashed by 47 paise and 50 paise per litre, respectively
66.28 per litre in New Delhi, Rs
68.04 per litre in Kolkata, Rs
69.45 per litre in Mumbai and Rs
70.06 per litre in Chennai
Diesel prices were decreased by 19 paise per litre in Delhi and Kolkata
marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily basis.The
domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates.Globally, oil prices were mostly steady on
Friday, ending the week slightly lower as trade tensions stoked by a US move to hike tariffs on Chinese goods overshadowed tightened global
supplies and expectations of rising US refining demand, reported news agency Reuters.Brent crude oil settled 23 cents, or 0.4 per cent,
higher at $70.62 a barrel, but posted a weekly loss of 0.3 per cent.US West Texas Intermediate (WTI) crude futures ended 4 cents lower at
$61.66, with a weekly loss of 0.5 per cent
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