INSUBCONTINENT EXCLUSIVE:
Brent crude futures settled at $67.30 per barrel, 83 cents, or 1.2 per cent below their last closeOil-marketing companies increased the
prices of petrol, whereas diesel prices were cut across the four metro cities on Saturday
Petrol prices were raised by 5 paise in all four metros
72.81 per litre in New Delhi, Rs
74.89 per litre in Kolkata, Rs.78.43 per litre in Mumbai and Rs
75.62 per litre in Chennai, according to Indian Oil Corporation (IOC)
66.60 per litre in New Delhi, Rs
68.39 per litre in Kolkata, Rs
69.76 per litre in Mumbai and Rs
70.37 per litre in Chennai
Diesel rates were reduced by 5 paise in Delhi, Mumbai and Kolkata, while it was cut by 6 paise in Chennai.Petrol and diesel rates are
decided on a daily basis by oil-marketing companies on the basis of the rupee-dollar rate and global crude oil prices.(Diesel rates were
reduced by 5 paise in Delhi, Mumbai and Kolkata)State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum
revise fuel prices with effect from 6 am on a daily basis.Globally, oil fell about 2 per cent on Friday, slipping further from 2019 highs as
focus shifted to a lack of progress in US-China trade talks and as grim manufacturing data from Germany and the US reignited fears of a
slowdown in the global economy and oil demand, reported news agency Reuters.Brent crude futures settled at $67.30 per barrel, 83 cents, or
1.2 per cent below their last close and down about 0.2 per cent on the week
The contract hit a four-month high of $68.69 on Thursday.US West Texas Intermediate (WTI) futures fell 94 cents, or 1.6 per cent, to settle
WTI marked a 2019 peak on Thursday at $60.39 and rose 0.8 per cent on the week.(With agency inputs)Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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