For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Petrol Prices Decline Amid Saudi Arabia-Russia Deal To Cut Production

|

Transportation fuel is on the decline since last 46 days amid reports of Saudi Arabia and Russia deal that agree to cut production. Fuel rates especially petrol has declined in price by Rs 10.90 in Delhi, Rs 10.58 in Mumbai, Rs 10.69 in Kolkata and Rs 11.47 in Chennai.

Petrol Prices Decline Amid Saudi Arabia-Russia Deal To Cut Production
 

In the city of joy Kolkata is selling for under Rs. 74 per litre, with a rate cut by 29 paise in comparison to yesterday's rate. In other metros including Delhi, Mumbai and Chennai, one litre of petrol is priced at Rs 71.93, Rs. 77.50 and Rs. 74.63 per litre respectively.

There have been reports that Saudi Arabia and Russia have reached a deal to reduce oil production. Meanwhile in today's trade after the ceasefire between the US and China, there has been again surge in the crude oil price.

As per the Reuters report, U.S. West Texas Intermediate (WTI) crude futures were trading at $53.38 per barrel at 0220 GMT, up $2.45 per barrel, or 4.8 percent from their last close. While international Brent crude oil futures were up $2.38 per barrel, or 4 percent, at $61.84 a barrel.

Goodreturns.in

Read more about: petrol diesel fuel crude oil
Story first published: Monday, December 3, 2018, 10:14 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more