INSUBCONTINENT EXCLUSIVE:
Petrol and diesel prices are currently revised at 6 am every day
Petrol and diesel prices were marginally lowered on Thursday
Effective 6 am, April 12, petrol retailed at Rs 73.94 per litre in Delhi, Rs 76.65 per litre in Kolkata, Rs 81.8 per litre in Mumbai and Rs
76.71 per litre in Chennai, according to Indian Oil Corporation, the country's largest fuel retailer
Petrol prices in the four metros were 3-4 paise lower compared to Wednesday's prices
Diesel prices, which were also cut by a similar margin, were at Rs 64.93 per litre in Delhi, Rs 67.62 per litre in Kolkata, Rs 69.14 per
litre in Mumbai and Rs 68.49 per litre in Chennai.1
Petrol and diesel prices - which are determined broadly by the global crude oil prices and the rupee-dollar foreign exchange rate - are up a
cumulative 39-42 paise per litre and 53-56 paise per litre so far this month, respectively.2
So far this calendar year, petrol prices are up by Rs 3.97 per litre in Delhi, Rs 3.93 per litre in Kolkata and Mumbai, and Rs 4.18 per
Diesel prices have risen by Rs 5.29 per litre, Rs 5.32 per litre, Rs 5.87 per litre and Rs 5.66 per litre in Delhi, Kolkata, Mumbai and
Petrol and diesel prices are currently revised at 6 am every day
Until June last year, the rates were reviewed on the 1st and 16th day every month.4
International crude oil prices today edged back from highs last reached in late 2014
Crude oil prices were underpinned by worries over military escalation in Syria and trade tensions between the US and China
Both Brent and WTI on Wednesday hit their highest since late 2014 at $73.09 and $67.45 a barrel respectively after Saudi Arabia said it
intercepted missiles over Riyadh and US President Donald Trump warned Russia of imminent military action in Syria.5
On Thursday, Brent crude futures were at $71.70 a barrel in recent trade, down 36 cents from their last close
US WTI crude futures were down 20 cents at $66.62.(With agency inputs)
