INSUBCONTINENT EXCLUSIVE:
Both Brent and WTI have declined by around 20% from the four-year highs they reached in early October.Oil-marketing companies slashed the
prices of petrol across the four metro cities on Friday
78.06 per litre in New Delhi, Rs
79.98 per litre in Kolkata, Rs
83.57 per litre in Mumbai and Rs
81.08 per litre in Chennai, according to Indian Oil Corporation (IOC)
72.74 per litre in New Delhi, Rs
74.60 per litre in Kolkata, Rs
76.22 per litre in Mumbai and Rs
76.89 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
markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with United States crude now down
per barrel in intraday trade, down 4 cents, or 0.1 per cent from their last settlement
WTI is set to fall for a fifth week, down 4.1 per cent so far this week.Front-month Brent crude oil futures were at $70.69 a barrel, 4 cents
Brent is set for a 2.9 per cent drop for the week, its fifth straight week of declines.Both Brent and WTI have declined by around 20 per
