INSUBCONTINENT EXCLUSIVE:
unchanged for the 14th consecutive day on Thursday
In Mumbai, petrol is retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.Despite the reduction in prices,
petrol rates are still above the Rs 100 per litre mark across the four metros and several cities in the country
Among the metro cities, fuel rates are the highest in Mumbai
taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates
Any changes in petrol and diesel prices are implemented with effect from 6 am every day.Globally, oil prices slumped on Wednesday, driving
major benchmarks to their lowest settlement levels since early October, after OPEC and the International Energy Agency warned of impending
oversupply, while rising Covid-19 cases in Europe increased downside risks to demand recovery
Brent crude futures fell $1.36, or 1.7 per cent, to $81.05 a barrel
United States West Texas Intermediate (WTI) crude futures settled at $78.36, down $2.40, a 3 per cent decline
The declines took Brent to its lowest close since October 1 and United States crude to its lowest settlement since October 7.
