NEW DELHI: Fuel prices on Saturday persevered the downward pattern for the third instantly day with petrol rates minimize through 32 paise and diesel through 40 paise. In the nationwide capital, a litre of petrol now value Rs 75.25 from Rs 75.57 previous, while diesel is bought at Rs 70.16.
In Kolkata and Mumbai, petrol rates are slashed through 31 paise, while in Chennai, the gas is now 34 paise cheaper. Diesel now costs 40 paise, 43 paise and 42 paise less in Kolkata, Mumbai and Chennai respectively.
Petrol value on Friday used to be decreased through 40 paise around the four metro towns.
The downward revision comes on the back of declining international crude oil value. Brent crude oil fell $3.34 a barrel, or 5.3 per cent, to $59.26, its lowest since October 2017.
Oil fell to its lowest stage in additional than a yr on Friday on persevered concerns a couple of rising international surplus, even as manufacturers thought to be reducing output to curb supply. Prices had been not off course for their largest one-month decline since past due 2014.
Oil supply, led through US manufacturers, is rising extra quickly than demand and to forestall a build-up of unused gas corresponding to the one who emerged in 2015, the Organization of the Petroleum Exporting Countries (OPEC) is expected to start trimming output after a meeting on December 6.
(With inputs from companies)
In Kolkata and Mumbai, petrol rates are slashed through 31 paise, while in Chennai, the gas is now 34 paise cheaper. Diesel now costs 40 paise, 43 paise and 42 paise less in Kolkata, Mumbai and Chennai respectively.
Petrol value on Friday used to be decreased through 40 paise around the four metro towns.
The downward revision comes on the back of declining international crude oil value. Brent crude oil fell $3.34 a barrel, or 5.3 per cent, to $59.26, its lowest since October 2017.
Oil fell to its lowest stage in additional than a yr on Friday on persevered concerns a couple of rising international surplus, even as manufacturers thought to be reducing output to curb supply. Prices had been not off course for their largest one-month decline since past due 2014.
Oil supply, led through US manufacturers, is rising extra quickly than demand and to forestall a build-up of unused gas corresponding to the one who emerged in 2015, the Organization of the Petroleum Exporting Countries (OPEC) is expected to start trimming output after a meeting on December 6.
(With inputs from companies)
Petrol, diesel prices cut for third straight day
![Petrol, diesel prices cut for third straight day]()
Reviewed by Kailash
on
November 25, 2018
Rating:
