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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".

Where to Watch as Warriors and Cavs Resume Rivalry
Check out the full tv schedule for the 2018 NBA Finals below, including tonight's Game 1 that is scheduled to tipoff at 9pm ET. The Cavaliers look like a great team when Hill is engaged, as he's the only quality two-way player on the roster besides James.

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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