INSUBCONTINENT EXCLUSIVE:
Currently, petrol and diesel prices are determined broadly by crude oil and forex rates.Domestic prices of diesel were cut by 14-15 paise
across the metros on Monday, whereas petrol prices were maintained at existing levels except for a 2 paise rise in Kolkata
In Delhi, the rate of diesel was slashed to Rs 71.43 per litre from Rs 71.58 per litre with effect from 6 am on September 21, but that of
petrol was left unchanged at Rs 81.14 per litre, according to notifications from Indian Oil Corporation (IOC), the country's largest fuel
In Your City)CityPetrolDieselDelhi81.1471.43Kolkata82.6774.94Mumbai87.8277.87Chennai84.2176.85Source: Indian OilState-run oil marking
companies such as Indian Oil Corporation currently review the petrol and diesel prices on a daily basis, and implement any revisions at fuel
stations with effect from 6 am
Indian Oil, Bharat Petroleum and Hindustan Petroleum account for the majority of fuel stations in the countryMeanwhile, oil prices fell on
Monday on the potential return of oil output from Libya even as rising coronavirus cases add to worries about global demand, although losses
were limited as a new tropical storm heads for the U.S
Gulf of Mexico.Brent crude was down 20 cents, or 0.5 per cent, at $42.95 a barrel by 0039 GMT, while U.S
crude fell by 27 cents, or 0.7 per cent, to $40.84 a barrel.
