INSUBCONTINENT EXCLUSIVE:
Brent crude futures rose 73 cents, or 1 per cent, to settle at $77.62 a barrel.Oil-marketing companies slashed the prices of petrol across
the four metro cities for the tenth straight day on Saturday
80.85 per litre in New Delhi, Rs
82.71 per litre in Kolkata, Rs
86.33 per litre in Mumbai and Rs
84.02 per litre in Chennai, according to Indian Oil Corporation (IOC)
74.73 per litre in New Delhi, Rs
76.58 per litre in Kolkata, Rs
78.33 per litre in Mumbai and Rs
79.02 per litre in Chennai
Petrol and diesel rates are decided on a daily basis by oil-marketing companies on the basis of the rupee-dollar rate and global crude oil
prices.State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a
Government allowed revision of fuel rates on a daily basis since mid-June last year to reflect changes in costs instantly.Globally, oil
prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a
slump in stock markets and concerns about trade wars clouded the fuel demand outlook, reported news agency Reuters.Brent crude futures rose
73 cents, or 1 per cent, to settle at $77.62 a barrel
The global benchmark marked a weekly loss of about 2.7 per cent and is down about $10 in three weeks.US West Texas Intermediate (WTI) crude
futures rose 26 cents, or 0.4 per cent, to end at $67.59 a barrel
It posted a weekly loss of about 2.3 per cent.(With Reuters inputs)
