INSUBCONTINENT EXCLUSIVE:
unchanged for the 18th consecutive day on Monday
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, crude oil fell to seven-week lows,
extending declines after the previous session's slide, on concerns about excess supply after Japan said it was weighing releasing oil
reserves and over demand from a worsening Covid-19 situation in Europe
Brent lost 57 cents, or 0.72 per cent, to $78.32 a barrel as of 0206 GMT and United States West Texas Intermediate (WTI) crude futures were
down 39 cents, or 0.51 per cent, at $75.55 a barrel
WTI and Brent prices hit their lowest since October 1 earlier in the session.
