Petrol Price Hiked By Up To 16 Paise/Litre, Diesel Price Unchanged

INSUBCONTINENT EXCLUSIVE:
Currently, oil companies such as Indian Oil implement any revisions in petrol and diesel prices at 6 amPetrol prices were hiked by up to 16
paise per litre in metros while diesel rates were kept unchanged on Thursday
notifications from Indian Oil Corporation, the country's largest fuel retailer
Currently, domestic prices of petrol and diesel are reviewed by oil marketing companies on a daily basis, and any revisions implemented at
fuel stations with effect from 6 am
( How To Find Out Today's Petrol And Diesel Rates On Your Mobile)In Mumbai, the price of petrol stood at Rs 79.12 per litre, up 15 paise
per litre compared to Wednesday's rate, and that of diesel remained at Rs 69.01 per litre, data from Indian Oil
showed.CityNov-14Nov-13PetrolDieselPetrolDieselDelhi73.4565.7973.365.79Kolkata76.1568.27668.2Mumbai79.1269.0178.9769.01Chennai76.3469.5476.1
869.54(Source: Indian Oil Corporation)The domestic prices are determined broadly by the global crude oil and the rupee-dollar foreign
Industry data showed a surprise drop in US inventories while comments from an OPEC official about lower-than-expected US shale production
$62.53 per barrel.The rupee depreciated by 15 paise to hit 72.24 against the US dollar, a day after it ended at a more than two-month low of
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