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| With the general strike in Nigeria fizzling out, international prices of crude stayed put around $ 27-28 much to the relief of big importing countries like India. |
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| However, with fall and winter approaching and Iraqi crude oil production failing to show any appreciable sign of improvement, the market may not soften further in the near future. |
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| In view of all this, the domestic consumer of both petrol and diesel can look forward to a prolonged spell of stable retail prices. |
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| In case the prices are revised, these would be more because of fluctuations in currency rates rather than because of volatility in crude oil prices. |
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| The international benchmark Brent (dated) crude oil, which was being quoted at $ 28.24 a barrel on July 2, softened to $ 27.75 a barrel on July 7 and further to $ 27.70 a barrel on July 8. |
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| Prices of jet fuel (Singapore), which were ruling around $ 28.80 a barrel on July 2, moved down to $ 28.08 a barrel on July 7, and further to $ 27.83 a barrel on July 8. |
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| Prices of 5 per cent sulphur diesel (Singapore), which were hovering around $ 28.60 a barrel on July 2, went down to $ 28.45 a barrel on July 7, and further to $ 27.95 a barrel on July 8. |
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| Naphtha (Singapore), which was being quoted at $ 27.45 a barrel on July 2, marginally moved down to $ 27.43 a barrel on July 7, and to $ 27.10 a barrel on July 8. |
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| Unleaded petrol (FoB Singapore), which was ruling at $ 32. 30 a barrel on July 2, hardened to $ 32.50 a barrel on July 7, and slid marginally to $ 32.48 a barrel on July 8. |
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