INSUBCONTINENT EXCLUSIVE:
Government allowed revision of petrol, diesel rates on a daily basis since mid-June last year.Oil Marketing Companies (OMCs) raised the
prices of petrol and diesel across the nation for the third straight day on Saturday
According to the rate chart of IOC (Indian Oil Corporation), petrol is now being sold at Rs.76.70 per litre in Delhi and Rs
84.14 per litre in Mumbai
Petrol prices in Kolkata and Chennai are at Rs
79.68 per litre respectively
Diesel can be purchased today at Rs
Diesel prices stand at Rs
72.40 per litre in Mumbai, Rs
70.98 per litre in Kolkata and Rs
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily
was sold at the rate of Rs
76.50 per litre in Delhi, Rs
79.42 per litre in Kolkata, Rs
83.94 per litre in Mumbai, and Rs
79.48 per litre in Chennai
Diesel was sold at the rate of Rs
68.02 per litre in Delhi, Rs
70.80 per litre in Kolkata, Rs
72.21 per litre in Mumbai, and Rs
71.86 per litre in Chennai.On global front, oil prices went down on Friday amid rising supplies from countries including Russia and Saudi
Russia and key OPEC (Organization of the Petroleum Exporting Countries) members such as Saudi Arabia and Kuwait have all increased
production recently, trying to help compensate for a potential decline in Iranian crude supplies once planned US sanctions take effect later
this year, news agency IANS reported.China's proposed tariffs on US liquefied natural gas and crudeoil exports opens a new front in the
trade war between the two countries, at a time when the White House is trumpeting growing US energy export prowess.China included LNG for
the first time in its list of proposed tariffs on Friday, the same day that its biggest US crude oil buyer, Sinopec, suspended United States
crude oil imports due to the dispute, according to a Reuters report.
