INSUBCONTINENT EXCLUSIVE:
Petrol prices in Kolkata and Chennai are at Rs
79.43 per litre respectively.Oil Marketing Companies (OMCs) slashed the petrol and diesel prices on Saturday
According to the rate chart of IOC (Indian Oil Corporation), petrol is being sold at Rs
76.47 per litre in Delhi and Rs
83.91 per litre in Mumbai
Petrol prices in Kolkata and Chennai are at Rs
79.43 per litre respectively
Diesel can be purchased at Rs
Diesel prices stand at Rs
72.28 per litre in Mumbai, Rs
70.71 per litre in Kolkata and Rs
71.90 per litre in Chennai, stated IOC, the nation's largest fuel retailer.The above listed rates are applicable from 6 am
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily
up on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about
US-China trade tensions and supply increases, reported news agency Reuters.Despite the day's advance, prices remained on course for a third
consecutive weekly decline as gains in supply had dragged on prices during the week.Brent crude was up 34 cents at $72.92 a barrel
Brent was on track to fall 3.2 per cent in the week.The expiring US West Texas Intermediate (WTI) crude for August delivery was up 79 cents
at $70.25 a barrel, while the more liquid September contract rose 10 cents to $68.34 a barrel
US crude is set to end the week down 1 per cent.US drillers this week cut oil rigs by the most since March, with the rate of growth slowing
over the past month with recent declines in crude prices.(With agency inputs)
