INSUBCONTINENT EXCLUSIVE:
Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent.Oil Marketing Companies (OMCs) kept the prices of
petrol and diesel unchanged on Wednesday across four metros of the country
According to the rate chart of IOC (Indian Oil Corporation), petrol is being sold today at Rs.76.31 per litre in Delhi and Rs
83.76 per litre in Mumbai
Petrol prices in Kolkata and Chennai are at Rs
79.26 per litre respectively
Diesel can be purchased today at Rs
Diesel prices stand at Rs
72.00 per litre in Mumbai, Rs
70.58 per litre in Kolkata and Rs
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily
prices were hiked by 7 paise in the four metros of the country.On global front, oil prices fell on Wednesday after industry data showed US
stockpiles of crude unexpectedly rising, starting the new month in negative territory after the largest monthly decline in two years in
July, as reported by news agency Reuters.Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent, the
biggest monthly decline for both benchmarks since July 2016
A Reuters poll showed that oil prices are likely to hold fairly steady this year and next as increased output from OPEC and the United
States meets growing demand led by Asia and helps to offset supply disruptions.Meanwhile, Reserve Bank of India (RBI) is all set to release
its monetary policy statement today
