INSUBCONTINENT EXCLUSIVE:
Petrol prices on Friday were slashed between 14-18 paise a litre
In Delhi, prices were cut by 14 paise to Rs 76.02, while in Mumbai the petrol prices were brought down by 18 paise a litre, information on
the Indian Oil Corporation (IOC) revealed
At the same time, Kolkata and Chennai saw the petrol price cut by 13 paise, and 15 paise respectively
Petrol prices have continuously been cut from May 30 onwards as the fuel prices were rising before then, and even touched Rs 78.43 a day
In the past 24 days, the prices have been slashed by Rs 2.41 in Delhi and 2.5 in Mumbai
On Thursday, petrol and diesel prices were cut.Petrol prices in metro citiesDelhi76.02Kolkata78.7Mumbai83.74Chennai78.89Credit:
www.iocl.comPetrol prices in other
citiesAgartala71.85Aizwal71.97Ambala76.14Bangalore77.25Bhopal81.6Bhubhaneswar74.85Chandigarh73.12Dehradun77.44Gandhinagar75.33Gangtok79.1Guw
ahati78.15Hyderabad80.52Imphal74.11Itanagar71.94Jaipur78.75Jammu77.76Jullunder81.22Kohima74.51Lucknow76.92Panjim70.05Patna81.51Pondicherry74
.83Port Blair65.55Raipur76.43Ranchi76.08Shillong75.44Shimla76.19Srinagar80.45Trivandrum79.11Silvasa73.95Daman73.88Credit:
www.iocl.comHowever, diesel prices were kept same today
In Delhi, the fuel prices stand at Rs 67.68
At the same time, diesel prices in Mumbai, Kolkata and Chennai stand at Rs 71.99, Rs 70.23 and Rs 71.44, respectively.Diesel prices in metro
citiesDelhi67.68Kolkata70.23Mumbai71.99Chennai71.44Credit: www.iocl.comFrom May 30, diesel prices are also being slashed continuously since
the were rising before then and had even touched Rs 69.31 in Delhi, Rs 71.86 in Kolkata, Rs 73.79 in Mumbai and Rs 73.18 in Chennai
respectively a day prior to that i.e
on May 29.Diesel prices in other
citiesAgartala65.84Aizwal65.03Ambala68.19Bangalore68.73Bhopal71.23Bhubhaneswar72.55Chandigarh65.72Dehradun68.01Gandhinagar72.74Gangtok69.45G
uwahati70.65Hyderabad73.56Imphal65.75Itanagar64.98Jaipur72.09Jammu68.85Jullunder67.6Kohima66.06Lucknow67.83Panjim68.88Patna72.35Pondicherry6
9.92Port Blair63.45Raipur73.07Ranchi71.46Shillong67.51Shimla67.32Srinagar71.07Trivandrum72.45Silvasa68.5Daman68.43Credit: www.iocl.comIn
past 24 days, diesel prices have been slashed by Rs 1.63 in Delhi and Rs 1.8 in MumbaiPrior 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 global markets, however, oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty
over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.Brent crude futures the international
benchmark for oil prices, were at $74.07 per barrel at 6.04 am, up $1.02 cents, or 1.4 percent, from their last close.The Organization of
the Petroleum Exporting Countries (OPEC), a producer cartel de-facto led by top exporter Saudi Arabia, is meeting together with some
non-OPEC members including top producer Russia at its headquarters in the Austrian capital to discuss output policy.The group started
withholding supply in 2017 to prop up prices
