On a downswing since the last two months, petrol and diesel prices could once again increase from next week onwards if the Organisation of the Petroleum Exporting Countries (OPEC) decides to cut supply and bring down crude oil prices in its meeting today. According to market analysts, a big cut in production is the most likely outcome of the Vienna meet despite pressure to lower prices further by US President Donald Trump.
In India, state-run oil retailers reduced fuel prices once again today. Petrol price is down by 40 paise while diesel by 43 paise. A litre of petrol costs Rs 71.32 in Delhi, Rs 76.90 in Mumbai, Rs 73.99 in Chennai and Rs 73.36 in Kolkata.
Diesel, on the other hand, is priced at Rs 65.96 in Delhi, Rs 69.02 in Mumbai, Rs 69.63 in Chennai and Rs 67.79 in Kolkata. Read More