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Petrol and diesel prices: Another day, another paltry reduction

Petrol and diesel prices: Another day, another paltry reduction

In the last eight days, petrol prices have been lowered by 71 paise per litre in Delhi, 70 paise in Mumbai, 69 paise in Kolkata and 75 paise per litre in Chennai, data from International Olympic Committee website showed.

The so-called big four supermarkets - Tesco, Asda, Sainsbury's and Morrisons - raised the price of petrol by 5.49p a litre and diesel by 5.88p in May. Recent cut in fuel rates in India have come in the backdrop of continuous fall in global oil prices over the week.

Living in Australia's smaller cities results in higher prices, with fuel costs in Canberra, Hobart and Darwin always higher than those in larger cities, such as Sydney and Brisbane, with the average difference about 13 cents per litre.

State-owned oil companies in June 2017, dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost.

"Unfortunately, the worldwide factors pushing up wholesale petrol prices mean that these higher prices are being passed on to Australian motorists at the petrol bowser".

Movie mogul Weinstein handcuffed in court to face sex crime charges
Asked about the raft of other allegations against Weinstein, Brafman said the case was a question of crime, not bad behavior. The movie mogul had a strained smile on his face Friday as he headed to a black SUV to be driven to a Manhattan court.

Brent crude futures lost United States dollars $1.50 per barrel to settle at $75.29 per barrel.

Iran, Iraq, Kuwait, Saudi Arabia, UAE, and Qatar are among the members of OPEC.

The average brent crude oil price increased from 70.88USD to 77.00USD per barrel during the period under review.

With today's cut here in India, petrol price in the national capital has come down - in last seven days - by 60 paise from its record high of Rs 78.43 on May 29.

The 93 octane petrol price will be R15.54, R15.79 for 95 octane, diesel (0.05% sulphur content) will hit R14.19.

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