INSUBCONTINENT EXCLUSIVE:
Petrol prices in Delhi and Mumbai have been increased by Rs 2.82 a litre each so far in 2019, data showsPetrol and diesel prices took a
pause on Wednesday, after six consecutive days of hikes
Data from Indian Oil Corporation - the country's largest fuel retailer - showed that fuel prices in Delhi and Mumbai, among other metros,
were kept unchanged on February 27, after 12 hikes in past 13 days
Currently, the domestic prices of petrol and diesel vary from state to state, and reviewed by oil marketing companies such as Indian Oil on
Any revisions are effected at the fuel stations at 6 am.With effect from 6 am on Wednesday, the price of petrol was at Rs 71.66 per litre in
Delhi and Rs 77.29 per litre in Mumbai, according to Indian Oil Corporation
per litre and Rs 68.71 per litre respectively
In Chennai, the petrol price has gone up Rs 3 per litre during this period
cent since the October high of $86.74 a barrel
However, Brent futures - the global benchmark for crude oil - have risen about 22.3 per cent so far in 2019.The rupee has weakened about 1.9
per cent against the dollar so far this calendar year
Any depreciation in the rupee makes the import of crude oil more expensive.(With agency inputs)
