Petrol prices, Diesel prices, crude oil, Saudi Arabia, Brent, WTI
This latest hike took the petrol prices in Chennai and Kolkata to Rs 88.82 and Rs 87.69 respectively.
This latest hike took the petrol prices in Chennai and Kolkata to Rs 88.82 and Rs 87.69 respectively.
This comes after international oil prices firmed up in hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.
Brent crude oil also has declined on the Intercontinental Exchange (ICE) is at $30.83 per barrel, lower by 0.45 per cent or 0.14 cents from its previous close.
Petrol now costs Rs 71.71 per litre in Delhi, Rs 77.40 per litre in Mumbai, Rs 74.38 per litre in Kolkata and Rs 74.51 per litre in Chennai after the price cut.
"Another point of concern for the markets was the slowing of Chinese economy."
In Asia, all leading bourses witnessed mild to heavy sell-offs on Tuesday after US-China trade war further intensified. In a retaliatory move, China on Monday said it would raise tariffs on US goods worth nearly USD 60 billion.
