INSUBCONTINENT EXCLUSIVE:
Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).The state-run oil marketing companies slashed the
Mumbai, the prices of petrol were reduced to Rs 88.07 per litre from Rs 88.21 per litre and diesel prices were lowered to Rs 77.73 per litre
City)CityPetrolDieselDelhi81.4072.37Kolkata82.9275.87Mumbai88.0778.85Chennai84.4477.73Source: Indian OilIndian Oil Corporation, Bharat
Petroleum Corporation and Hindustan Petroleum Corporation review petrol and diesel rates in different parts of the country on a daily basis,
and implement any revisions at fuel pumps with effect from 6 am
following a drawdown in United States crude and gasoline inventories and as Hurricane Sally forced a swath of United States offshore
production to shut.Brent crude settled at $42.22 a barrel, up $1.69, or 4.2 per cent
United States crude finished $1.88, or 4.9 per cent.at $40.16 a barrel.
