INSUBCONTINENT EXCLUSIVE:
In the national capital, petrol was sold at Rs
80.05 per litre on Sunday.Fuel prices witnessed a further cut on Sunday across the four metro cities
The oil marketing companies (OMCs) slashed rates of petrol and diesel by 40 paise per litre and 33 paise per litre, respectively, in Delhi
In the national capital, petrol was sold at Rs
80.05 per litre on Sunday, according to Indian Oil Corporation (IOC)
Petrol rates in Mumbai, Kolkata and Chennai were decreased to Rs 85.54 per litre, Rs
83.18 per litre respectively, with effect from 6 am on Sunday.Diesel prices stood at Rs 74.05 per litre, Rs.77.61 per litre, Rs 75.90 per
78.29 per litre in Delhi, Mumbai, Kolkata and Chennai respectively on Sunday.Here are 5 things to know about petrol, diesel prices on
The retail selling price of petrol and diesel is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange
This is because a large proportion of country's requirement is met through imports2
The recent reduction in fuel rates are a result of falling global crude oil prices and the rupee's appreciation against the US dollar
Prices are expected to soften further in the coming days, reported news agency IANS (Indo Asian News Agency).3
On October 4, the Central government announced a cut of Rs
2.50 a litre each for petrol and diesel and urged state governments to match the reduction to provide relief from high fuel prices
Last Monday, all petrol pumps along with linked Compressed Natural Gas (CNG) dispensing units across the national capital were shut in
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily
