INSUBCONTINENT EXCLUSIVE:
Oil-marketing companies slashed petrol prices while diesel rates were unchanged across the metros on Saturday
71.03 per litre in New Delhi, Rs
73.11 per litre in Kolkata, Rs
76.64 per litre in Mumbai and Rs
73.72 per litre in Chennai, according to state-run Indian Oil Corporation's (IOC) website, iocl.com
Petrol prices were cut by 7 paise per litre in Delhi, Mumbai and Chennai
In Kolkata, the prices were reduced by 6 paise per litre.Diesel rates were at Rs
65.96 per litre in New Delhi, Rs
67.61 per litre in Kolkata, Rs
69.11 per litre in Mumbai and Rs
companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily basis.As per the daily
dynamic pricing regime, domestic fuel prices depend on international fuel prices on a 15-day average, besides the value of the rupee
This is because a large proportion of country's requirement is met through imports.Globally, oil prices edged lower on Friday due to
demand fears amid a standoff in Sino-US trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in
Middle East shipments due to US-Iran political tensions, reported news agency Reuters.Brent crude fell 41 cents, or 0.6 per cent, to settle
The global benchmark notched a weekly gain of about 2 per cent, having ended last week largely steady and fallen the week before.US West
Texas Intermediate crude fell 11 cents to end the session at $62.76, and gained about 1.7 per cent on the week.(With agency inputs)Get the
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