INSUBCONTINENT EXCLUSIVE:
The cost of petrol increased by 11 paise in Mumbai from Wednesday's level.Petrol prices climbed marginally on Thursday across three of the
four metro cities in the country after declining for nearly two months
In Delhi, petrol was sold at Rs 70.29 per litre on Thursday, up from Rs 70.20 recorded on Wednesday, according to Indian Oil Corporation
The cost of petrol increased by 11 paise and 13 paise in Mumbai and Chennai respectively from Wednesday's levels, to Rs 75.91 and Rs 72.94
However, prices of diesel were unchanged for the second consecutive day on Thursday in three out of the four metro cities
In Delhi, Mumbai and Chennai, diesel was sold at Rs 64.66, Rs 67.66 and Rs 68.26, respectively
Meanwhile, in Kolkata the price of diesel fell by Re 1 to Rs 66.40 per litre.3
Diesel prices too have declined nearly 15 per cent from the record high levels reached in mid-October.4
to reduce supply by 1.2 million barrels per day after the continuous fall in oil prices for around two months
On Thursday, the Brent crude oil futures were around $60.35 per barrel.5
As per the daily dynamic pricing regime, domestic fuel prices depend on international fuel prices on a 15-day average, besides the value of
This is because a large proportion of country's requirement is met through imports.(With inputs from agencies)
