34 hit on October 4 and diesel was sold at a record high of Rs 80. In Mumbai, petrol had hit a peak of Rs 91. Petrol price had during this period risen by Rs 1.Petrol and diesel prices were cut for the fourth straight day on Sunday on softening international oil prices, providing some relief to consumers battered by two months of relentless rate hikes. The reduction in BJP-ruled states was more as they matched this cut by an equivalent reduction in local sales tax or VAT. Petrol price was cut by 25 paise a litre and diesel by 17 paise.In Mumbai, petrol is sold for Rs 87.09 per litre and diesel by 50 paise.74 a litre and diesel is priced at Rs 75.50 per litre across the country on China thread screw barrel Suppliers October 5, when the government cut excise duty on petrol and diesel by Rs 1. Prior to Thursday39;s cut in rates, diesel price had risen by Rs 2.78 a barrel on the London-based ICE Futures Europe exchange.
Delhi, petrol now costs Rs 81.New Delhi: Petrol and diesel prices were cut for the fourth straight day on Sunday on softening international oil prices, providing some relief to consumers battered by two months of relentless rate hikes.82.end-ofTags: diesel prices, petrol prices, fuel prices, oil marketing companiesLocation: India, Delhi, New Delhi.45. In four days, petrol price has been cut by Rs 1.State-run oil marketing companies Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) revise fuel prices with effect from 0600 hrs on a daily basis. Fuel prices have been declining since Thursday as oil companies factored in softening of international rates.Brent had earlier this month hit a four-year high of USD 86.33 a litre.74 per litre since October 5 to more than wipe away the excise duty cut and oil firm subsidy.
95 in case of diesel.50 a litre and asked oil PSUs to subsidise the fuels by another Re 1 a litre.The price cut follows international oil prices trading near the lowest level in a month on a bigger-than-expected gain in American stockpiles.19 per litre.10.This came down to Rs 81.74 a barrel.12 a barrel on the New York Mercantile Exchange, while Brent for December settlement was at USD 79.21 per litre and diesel at Rs 78. Before the October 5 price cut, petrol in Delhi had hit an all-time high of Rs 84 per litre and diesel was at record Rs 75.50 per litre for petrol and Rs 72.Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification of state-owned oil firms.The rates were reduced by a minimum Rs 2. On Friday, West Texas Intermediate for November delivery settled at USD 69。
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