While globally, the US crude oil prices have fallen as much as 18 percent in the past two weeks on the back of a surge in supply and increasing concerns about an economic slowdown, fuel prices in India have fallen about 2 percent in the same time period.
According to the Indian Oil Corp data, petrol prices have fallen 2.3 percent or Rs 1.92 per litre while diesel prices have slumped about 2 percent or Rs 1.68 per litre in Mumbai.
Petrol prices in Kolkata, Mumbai and Chennai, were at Rs 79.36 per litre, Rs 82.94 per litre and Rs 80.42 per litre, respectively, while diesel stood at Rs 74.05 a litre in Kolkata, Rs 75.64 in Mumbai and Rs 76.30 a litre in Chennai. Read More
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