INSUBCONTINENT EXCLUSIVE:
Any revisions in fuel rates are effected at the fuel stations at 6 am.
The oil marketing companies
(OMCs) kept the fuel rates unchanged for a second consecutive day on Sunday across the four metro cities
Petrol price in Delhi stood at Rs 74.34 per litre, and the price of diesel was at Rs 67.24 per litre, according to Indian Oil Corporation
In Mumbai, petrol and diesel were priced at Rs 80 per litre and Rs 70.55 per litre respectively
The domestic prices of petrol and diesel vary from city to city, depending on local taxes and transportation cost
Here are 10 things to know about petrol, diesel prices today:The price of petrol was at Rs 77.28 per in Chennai and Rs 77.03
per litre in Kolkata.The rate of diesel was at Rs 71.09 per litre in Chennai and Rs
69.66per litre in Kolkata.Currently, petrol and diesel prices are reviewed by oil marketing companies such as Indian Oil, Bharat Petroleum
and Hindustan Petroleum on a daily basis.Any revisions in fuel rates are effected at the fuel stations at 6 am.Indian Oil Corporation - the
country's largest fuel retailer - provides an SMS-based service, which enables the consumers to receive the information on the current rates
of petrol and diesel on their mobile phone
In order to receive the current rates of petrol and diesel in the four metros and 35 other cities across the country, the consumer is
required to send an SMS to 9224992249.Domestic petrol and diesel prices are determined broadly by international crude oil prices and the
rupee-dollar foreign exchange (forex) rate. The rupee gained by 32 paise to end at a nearly two-month high of 70.56 against the dollar on
Friday, marking a gain of 0.54 per cent (38 paise) for the week.The rupee has risen 1.20 per cent against the greenback so far this
month.Globally, oil prices fell on Friday on media reports that the administration of President Donald Trump may limit US portfolio
investments into China, a move that would mark an escalation of US-Sino trade tensions.Global oil prices fell and posted a weekly loss on
faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic
growth.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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