INSUBCONTINENT EXCLUSIVE:
Oil marketing companies revise domestic prices of petrol and diesel on a daily basisPetrol and diesel prices were hiked by 48-63 paise per
That marked fourth consecutive hike in domestic fuel prices, and fifth overall so far this year
The upwards price revision comes on back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts
Currently, oil marketing companies in country revise domestic prices of petrol and diesel on a daily basis, in line with movement in
international crude oil and rupee-dollar forex rates.Petrol price in rupees per
petrol prices were at Rs 69.75 per litre in Delhi, Rs 71.87 per litre in Kolkata, Rs 75.39 per litre in Mumbai and Rs 72.39 per litre in
Chennai, according to Indian Oil Corporation - country's largest fuel retailer
Diesel prices stood at Rs 63.69 per litre, Rs 65.46 per litre, Rs 66.66 per litre and Rs 67.25 per litre respectively.Besides Sunday's
hike, petrol and diesel were hiked on January 7, January 10, January 11 and January 12
The hike on January 13 was steepest so far this year.DateHike in price in paise per litre (Delhi, Mumbai, Kolkata,
month.Brent crude futures - international benchmark for crude oil - dropped by $1.2 to settle nearly 2 per cent lower at $60.48 a barrel on
The global crude benchmark had previous day logged its first nine-day rally since September 2007.(With agency inputs)
