Saudi Arabia may be doing its share of lowering prices amid mounting pressure from Trump
After the revision of the prices, petrol in Delhi is being sold at Rs 75. 97 per litre, while diesel costs Rs 70.97 per litre
According to the Indian Oil Corp data, petrol was priced at Rs 76.38 per litre in the national capital on Wednesday
OMCs in India seem to be in no mood to pass on benefits of nosediving Brent crude prices to fuel consumers for now
Petrol prices declined to Rs 81.90 per litre in Mumbai, Rs 78.33 in Kolkata and Rs 79.31 in Chennai on Tuesday
The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil
The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil
The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil
The rates of the fuel across India have been slashing due to the fall in the prices of crude oil
Even with US sanctions on Iranian oil in place, the perception among investors is that there is more than enough supply to meet demand
In tandem with petrol, the cost of diesel declined by 12 to 13 paise on Sunday across the four metros
Petrol and diesel are now being sold at Rs 78.06 per litre and Rs 72.74 per litre in Delhi
Opec was not immediately available for comment
The US reimposed sanctions against OPEC member Iran's oil exports on Monday. Having initially talked of cutting shipments to zero, Washington gave waivers to eight customers, allowing limited imports
In China, a flotilla of supertankers carrying around 9 million barrels of Iranian oil worth about $650 million is sitting outside Dalian port
Petrol and diesel prices saw a fall of 14 paise and 9 paise respectively in Delhi
Traders said prices have been coming under pressure since it became clear that Washington was allowing several countries to continue importing crude from Iran despite the sanctions
Meanwhile, in Mumbai, petrol and diesel prices are being retailed at Rs 84.06 per litre (decrease by 22 paise) and Rs 76.67 per litre (decrease by 21 paise) respectively
Compared to Sunday, petrol and diesel prices saw a fall of 22 paise and 20 paise respectively in Delhi
Petrol price in Mumbai saw a fall of 21 paise and is being sold at Rs 84.28 per litre. With a cut of 18 paise, diesel is being sold at Rs 76.88 per litre in the city.