INSUBCONTINENT EXCLUSIVE:
Fuel prices today: A litre of petrol was purchased at a price of Rs 86.51 in Chennai.Petrol and diesel prices were increased marginally on
notification by Indian Oil Corporation, the country's largest fuel retailer
In Delhi, petrol price stood at Rs 83.22 per litre and diesel at Rs 74.42 per litre
78.69 per litre respectively
prices, diesel rates today:1
against the dollar, and a slew of central and state taxes.2
The government sees the rising fuel prices and falling rupee as a "small storm" for an otherwise robust economy which it expects to sail
through due to various steps, news agency IANS cited a senior Finance Ministry official as saying.3
It had on Wednesday hiked import duty on as many as 19 products, including air conditioners, household refrigerators and washing machines,
with an aim curb the import of non-essential items to check the burgeoning current account deficit and to support rupee.4
Globally, oil prices edged higher on Thursday, driven by the prospect of a shortfall in global supply once US sanctions against major crude
exporter Iran come into force in five weeks
Brent - the international benchmark for crude oil - touched $81.47 per barrel on Friday
It had touched a four-year high of $82.55 a barrel earlier this week
(With inputs from agencies)
