INSUBCONTINENT EXCLUSIVE:
(OMCs) slashed the prices of petrol and diesel
On Sunday, according to the rate chart of IOC (Indian Oil Corporation), petrol is being sold at Rs
76.37 per litre in Delhi and Rs
83.82 per litre in Mumbai
Petrol prices in Kolkata and Chennai are at Rs
79.33 per litre respectively
Diesel can be purchased at Rs
Diesel prices stand at Rs
72.17 per litre in Mumbai, Rs
70.63 per litre in Kolkata and Rs
71.79 per litre in Chennai, stated IOC, the nation's largest fuel retailer.(Diesel prices stand at Rs
72.17 per litre in Mumbai)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
fuel in Delhi had hit an all-time high of Rs
78.43 per litre for petrol and Rs
69.31 per litre for diesel on May 30 this year, which were reduced later
India imports more than 80 per cent of its crude oil requirements through imports.Oil prices edged 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.
