INSUBCONTINENT EXCLUSIVE:
Petrol, diesel price today: Currently, oil marketing companies review the fuel rates every dayDomestic petrol and diesel prices were lowered
on Saturday, marking a third straight day of reduction
In Delhi and Mumbai each, the price of petrol was lowered by 10 paise per litre, while diesel rates were cut by 14 paise per litre and 15
paise per litre respectively compared to the previous day's rates, according to data from state-run Indian Oil Corporation
Currently, oil marketing companies such as Indian Oil Corporation - the country's largest fuel retailer - review the fuel rates every day
Delhi, the price of petrol was Rs 73.32 per litre with effect from 6 am on Saturday, and that of diesel was Rs 66.46 per litre, according to
Indian Oil Corporation.In Mumbai, the prices of petrol and diesel were Rs 78.93 per litre and Rs 69.66 per litre
respectively.CityPetrolDieselDelhi73.3266.46Kolkata75.9768.82Mumbai78.9369.66Chennai76.1470.20(Source: Indian Oil Corporation)(The price of
petrol and diesel in the four metros in rupees per litre)In Kolkata, the petrol and diesel prices were Rs 75.97 per litre and Rs 68.82 per
litre respectively.In Chennai, the rate of petrol was Rs 76.14 per litre and that of diesel Rs 70.20 per litre.Domestic prices of the fuels
are determined broadly by the international crude oil rates and the foreign exchange (foreign) exchange rate of the rupee against the US
dollar.Crude oil prices gained over 2 per cent on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near
Saudi Arabia, while optimism surrounding the US-China trade war lifted sentiment
Brent crude futures - the global benchmark for crude oil - rose by $1.41 - or 2.4 per cent - to end at $60.51 per barrel.(International
trading day after attacks on Saudi installations knocked out more than half of the kingdom's crude output and temporarily pushed oil
prices up by about 20 per cent.The rupee ended nearly unchanged at 71.01 against the US dollar on Friday - down 1.79 per cent against the
greenback so far this year.The price of petrol has been reduced by a total Rs 1.10-1.22 per litre in the four metros so far this month, and
the rate of diesel cut by 87-99 paise per litre.Get Breaking news, live coverage, and Latest News from India and around the world on
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