INSUBCONTINENT EXCLUSIVE:
For the week, Brent was on track for a 11 per cent loss and WTI a 9.4 per cent decline.Tracking a fall in global crude prices, petrol and
75.25 per litre in Delhi, Rs
77.22 per litre in Kolkata, Rs
80.79 per litre in Mumbai and Rs
78.12 per litre in Chennai, according to Indian Oil Corporation (IOC)
70.16 per litre in Delhi, Rs
72.01 per litre in Kolkata, Rs
73.48 per litre in Mumbai and Rs
74.13 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 exchange rate and global
crude oil prices.State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from
The government allowed revision of fuel rates on a daily basis since mid-June last year to reflect changes in costs instantly.Globally, oil
prices slumped more than 6 per cent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider
touching $58.41, its lowest since October 2017.US West Texas Intermediate crude (WTI) lost $3.35, or 6.1 per cent, to trade at $51.28, and
earlier touched a low of $50.53.For the week, Brent was on track for a 11 per cent loss and WTI a 9.4 per cent decline.
