INSUBCONTINENT EXCLUSIVE:
A day after keeping them uniform, petrol
prices were slashed on Thursday in the range of 11-14 paise in metro cities
In Delhi and Kolkata, petrol prices were cut by 11 paise
In Mumbai, petrol prices came down by 14 paise, and by 12 paise in Chennai
in the range of 10-14 paise in the metro cities
cities)Agartala71.98Aizwal72.1Ambala76.28Bangalore77.39Bhopal81.75Bhubhaneswar74.98Chandigarh73.25Dehradun77.55Gandhinagar75.47Gangtok79.25G
uwahati78.29Hyderabad80.67Imphal74.25Itanagar72.08Jaipur78.9Jammu77.89Jullunder81.36Kohima74.65Lucknow77.03Panjim70.18Patna81.65Pondicherry7
4.97Port Blair65.66Raipur76.57Ranchi76.19Shillong75.58Shimla76.33Srinagar80.59Trivandrum79.26Silvasa74.09Daman74.02It is worth noting that
In the past 21 days, the petrol prices have declined by Rs 1.53 in Delhi, while the diesel prices declined by Rs 1.52
On June 1, petrol prices stood at Rs
78.29 in Delhi, Rs 80.92 in Mumbai, Rs 86.10 in Kolkata and Rs 81.28 in Chennai
Similarly, diesel prices in the beginning of the month were at Rs 69.20 in Delhi, Rs 71.75 in Mumbai, Rs 73.67 in Kolkata and Rs 73.06 in
Chennai.Diesel Prices (metro cities)Delhi67.68Kolkata70.23Mumbai71.99Chennai71.44From May 14 to May 29, petrol prices were raised in the
3.74-4 a litre and diesel prices were hiked by Rs
3.23-3.62 a litre across the four metros
cities)Agartala65.84Aizwal65.03Ambala68.19Bangalore68.73Bhopal71.23Bhubhaneswar72.55Chandigarh65.72Dehradun68.01Gandhinagar72.74Gangtok69.45
Guwahati70.65Hyderabad73.56Imphal65.75Itanagar64.98Jaipur72.09Jammu68.85Jullunder67.6Kohima66.06Lucknow67.83Panjim68.88Patna72.35Pondicherry
69.92Port Blair63.45Raipur73.07Ranchi71.46Shillong67.51Shimla67.32Srinagar71.07Trivandrum72.45Silvasa68.5Daman68.43Prior to June 16, 2017,
petrol and diesel prices were revised on twice-a-month basis
The switch to the daily system of price reviews was aimed at a more rapid transmission of changes in global oil rates to the domestic
consumer.In the international market also, oil prices dipped as Iran signaled it could be won over to a small rise in OPEC crude output,
likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22
However prices were prevented from falling further by record refinery runs in the United states and a large decline in UScrude inventories,
a sign of strong fuel demand.Brent crude futures the international benchmark for oil prices, were at $74.55 per barrel at 6 am, down 19
cents, or 0.3 percent, from their last close.
