INSUBCONTINENT EXCLUSIVE:
Diesel can be purchased at a price of Rs 75.74 per litre in Mumbai today.Petrol and diesel prices in the country touched their highest
Oil marketing companies (OMCs) increased fuel rates for the tenth consecutive day in Delhi, Mumbai, Kolkata and Chennai
Petrol price in Delhi rose to a record Rs 79.31 per litre and diesel climbed to a fresh high of Rs 71.34, according to price notification of
state-owned fuel retailers
A litre of petrol is selling at Rs
Prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT (Value Added Tax).Diesel can be
purchased today at a price of Rs 75.74 per litre in Mumbai, Rs
75.39 per litre in Chennai and Rs
74.19 per litre in Kolkata
Petrol and diesel prices vary from state to state due to local levies
oil cost and the high excise duty levied on transportation fuel in the country
The fall in Indian currency also affects fuel rates
The Indian rupee slumped 16 paise against the US dollar to trade at a life-time low of 71.37 in early trade today.Globally, oil prices rose
on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were
limited by higher supply from OPEC and the United States.Production by the Organization of the Petroleum Exporting Countries rose 220,000
barrels per day (bpd) in August to a 2018 high of 32.79 million bpd, a Reuters survey showed
Meanwhile, trade disputes between the United States and other major economies, including China and the European Union, are expected to hurt
oil demand if they are not settled soon
