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| While the international prices of crude oil has declined by more than a dollar a barrel in the past week, it is not certain if it will be reflected in the domestic retail prices of petrol and diesel. |
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| The government has come out with a scheme to share the burden of under-recoveries on account of sale of subsidised LPG and kerosene. According to the scheme, cross-subsidisation from petrol and diesel would contribute Rs 2,400 crore. |
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| It would safe to assume that the retail prices of the two fuel would continue to rule high to provide sufficient cushion to the marketing companies and raise the desired revenue. |
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| In the international market, price movement has been restricted with the traders awaiting the latest weekly US inventory figures which will help gauge the likelihood of winter stock shortages. |
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| The international benchmark Brent (dated) crude, which was hovering at $28.48 a barrel on October 29, moved down to $27.92 a barrel on October 31, and slid further to $27.18 a barrel on November 4. |
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| Jet fuel (Singapore), which was being quoted at $33.85 a barrel on October 29, moved down to $33.80 a barrel on October 31, and further slid to $33.65 a barrel on November 4. |
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| Prices of gas oil (Singapore) with 0.5 per cent sulphur, which were ruling at $32.23 a barrel on October 29, touched $32.33 a barrel on October 31, and moved down to $31.65 a barrel on November 4. |
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| Naphtha (Singapore), which was being quoted at $ 31.08 a barrel on October 29, touched $ 30.63 a barrel on October 31, and moved down to $ 30.65 a barrel on November 4. |
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| Prices of unleaded petrol (fob Singapore), which were ruling at $ 34.48 a barrel on October 29, moved down to $ 33.68 a barrel on October 31, and appreciated marginally to $ 33.75 a barrel on November 4. |
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