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Petrol prices increase after 2 months
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SME Times News Bureau | 13 Dec, 2018
After declining for nearly two months, petrol prices rose marginally on
Thursday across three of the four metro cities in the country.
The
increase comes after the prices of the fuel declined over 15 per cent
in the last two months from the highs recorded in mid-October.
In
Delhi, petrol was priced at Rs 70.29 per litre, up from Rs 70.20
recorded on Wednesday, according to data on the Indian Oil Corp's
website.
The cost of petrol increased by 11 paise and 13 paise in
Mumbai and Chennai respectively from Wednesday's levels, to Rs 75.91
and Rs 72.94 per litre.
However, in Kolkata, petrol price dropped 90 paise to Rs 72.38, from Rs 73.28 recorded on Wednesday.
Prices of diesel were unchanged for the second consecutive day in three out of the four metro cities.
In
Delhi, Mumbai and Chennai, diesel was sold at unchanged prices of Rs
64.66, Rs 67.66 and Rs 68.26, respectively. Meanwhile, in Kolkata the
price of diesel fell by Re 1 to Rs 66.40 per litre.
Diesel prices too have declined nearly 15 per cent from the record high levels reached in mid-October.
The
rate hike comes amidst stability in crude oil prices as the
Organization of Petroleum Exporting Countries (OPEC) and Russia last
week decided to reduce supply by 1.2 million barrels per day after the
continuous fall in oil prices for around two months.
On Thursday, the Brent crude oil futures were around $60.35 per barrel.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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