New Delhi: Oil prices have been curbed due to the rise in crude oil reserves in the US over the past four weeks. The international market has recorded a fall in crude oil prices for the fifth consecutive session on Thursday. Domestic oil marketing companies have not changed petrol diesel prices for the 19th consecutive day.
Experts point out that this fall in fuel prices will provide relief to petrol diesel inflation in India, but if the price of crude oil in the international market declines, petrol diesel prices wof on their pockets. According to Indian Oil's website, petrol prices in Delhi, Kolkata, Mumbai, Chennai remained steady at Rs 91.17, Rs 91.35, Rs 97.57 at Rs 93.11 per litre respectively.
Diesel prices are also steady at Rs 81.47, Rs 84.35, Rs 88.60 at Rs 86.45 per litre in Delhi, Kolkata, Mumbai, Chennai respectively. In International Intercontinental Exchange (ICE) Futures Market, Brent crude's May month delivery contract was trading at $67.43 a barrel, softening 0.84 per cent from the last session on Thursday.
Sensex, Nifty falls For Fourth consecutive Day
How an 'unconventional entertainer' rose to fame- Sneek peak into the life of Shahid Alvi
Nokia to cut 10,000 employees worldwide, mulls investment in 5G, Cloud
OMCs maintain break, Fuel prices unchanged for 18th day in a row