New Delhi: Petrol and Diesel prices were unchanged in four metro cities after two days of pause, applicable from 6:00 a.m. on 14th August 2018.
On Monday, Petrol prices were cut by 9 paise in Delhi, Chennai and Mumbai. In Kolkata petrol prices were hiked by 8 paise. Diesel prices were cut by 5 paise in all the metro cities of Delhi, Kolkata, Chennai and Mumbai.
Retail selling prices have been firming up since July 30 as international rates inched up. Rates have risen by Rs 0.90 a litre in case of petrol in nine days while diesel prices have risen by Rs 0.88 per litre.
State-owned oil firms had in mid-June last year dumped 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.
Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply. Front-month Brent crude oil futures were at $72.87 per barrel at 0111 GMT, up 26 cents, or 0.4 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up 32 cents, or 0.5 percent, at $67.52 per barrel, according to a report by news agency Reuters.
Prices of non-branded petrol in metro-cities
Cities | (Rs/litre) |
New Delhi | 77.14 |
Kolkata | 80.10 |
Mumbai | 84.58 |
Chennai | 80.14 |
Prices of non-branded diesel in metro-cities
Cities | (Rs/litre) |
New Delhi | 68.72 |
Kolkata | 71.56 |
Mumbai | 72.96 |
Chennai | 72.59 |
(Source: Indian Oil) Prices may vary from outlet to outlet within a city
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