INSUBCONTINENT EXCLUSIVE:
The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex ratesPetrol and diesel prices were cut across
the metros by oil marketing companies on Sunday
71.50 per litre in New Delhi, Rs
73.71 per litre in Kolkata, Rs
77.16 per litre in Mumbai and Rs
74.27 per litre in Chennai, according to state-run Indian Oil Corporation's (IOC) website
Petrol prices were decreased by 12 paise per litre in Delhi and Chennai compared to the previous day's rates
In Kolkata and Mumbai, the prices were cut by 3 paise and 16 paise per litre respectively.Diesel rates were at Rs
66.16 per litre in New Delhi, Rs
68.06 per litre in Kolkata, Rs
69.37 per litre in Mumbai and Rs
In Mumbai and Chennai, the rates were cut by 21 paise per litre.(Diesel rates were at Rs
66.16 per litre in New Delhi)State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum review fuel prices on a
daily basis, and any revisions are implemented at the fuel stations with effect from 6 am
The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates.Globally, oil slumped over 3 per cent
on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening
tariffs on Mexico, a key US trade partner and major supplier of crude oil, reported news agency Reuters.Brent crude futures fell $2.38, or
3.6 per cent, to settle at $64.49 a barrel
US West Texas Intermediate (WTI) crude futures fell $3.09 to $53.50 a barrel, a 5.5 per cent loss.Brent touched a session low of $64.37 a
barrel, lowest since March 8
WTI hit $53.41 a barrel, weakest since February 14.(With agency inputs)
