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Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai


Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai
Updated:
Updated:
May 16, 2021 11:59 IST
A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre
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In nine increases, petrol price has risen by ₹2.19 per litre and diesel by ₹2.49. File
  | Photo Credit: K.R. Deepak
A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre
Petrol price on May 16 was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs and that of petrol in Mumbai to near ₹99 a litre. ....

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India should use oil it purchased last year at cheaper rates: Saudi Arabia


The average cost of that crude purchase was USD 19 per barrel
Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020
New Delhi: International oil prices rose after OPEC and its allies ignored India s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year.
Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand. ....

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OPEC ignores India's call, Saudi asks New Delhi to use cheap oil it bought last year


OPEC ignores India s call, Saudi asks New Delhi to use cheap oil it bought last year
India s Oil Minister Dharmendra Pradhan had in the run-up to Thursday s OPEC meeting urged the producers group to ease production curbs to fulfil their promise of stable oil prices.
3 min read
. Updated: 05 Mar 2021, 02:14 PM IST PTI
Brent crude, the most widely used benchmark, on Friday rose nearly 1% to $67.44 a barrel after the OPEC and its allies, agreed not to increase supplies in April awaiting more substantial recovery in demand
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NEW DELHI :
International oil prices rose after OPEC and its allies ignored India s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. ....

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