INSUBCONTINENT EXCLUSIVE:
Petrol, diesel rates: Oil marketing companies such as Indian Oil review the fuel prices on a daily basisDomestic prices of petrol and diesel
were kept unchanged at existing levels on Wednesday, October 2
The pause in revision of fuel prices follows two days of hike
The price of petrol was Rs 74.61 per litre in Delhi and Rs 80.21 per litre in Mumbai on Wednesday, according to Indian Oil Corporation's
The price of diesel stood at Rs 67.49 per litre and Rs 70.76 per litre in Delhi and Mumbai respectively
( How to check petrol and diesel prices in your city)Currently, oil marketing companies such as state-run Indian Oil Corporation - the
country's largest fuel retailer - review the prices of petrol and diesel on a daily basis
Any changes are implemented at the fuel pumps with effect from 6
am.CityPetrolDieselDelhi74.6167.49Kolkata77.2369.85Mumbai80.2170.76Chennai77.5071.30(Source: Indian Oil Corporation)The domestic rates of
petrol and diesel are adjusted taking into account factors such as global crude oil prices and the rupee-dollar foreign exchange rates.Crude
oil prices rebounded on Wednesday after industry data showed a surprise drop in US crude inventories
Brent crude futures - the global benchmark for crude oil - rose 0.73 per cent to $59.32 per barrel by 10:07 am, claiming back some of the
ground lost over the past three sessions.International oil prices are now below levels from before the September 14 attacks on Saudi oil
facilities as the world's largest oil exporter has restored its full oil production and capacity.Petrol and diesel prices were hiked more
than 3 per cent in the metros last month
In Delhi, the price of petrol was increased by Rs 2.41 per litre and that of diesel by Rs 2.08
In Mumbai, petrol and diesel rates were revised upwards by Rs 2.41 per litre and Rs 2.23 per litre respectively in September.The domestic
oil marketing companies switched to the current system of daily price revisions in June 2017, in a shift from fortnightly revisions, in
order to reflect the changes in global rates more effectively.Get Breaking news, live coverage, and Latest News from India and around the
world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
