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03/06/2012 06:37 AST
After the sharp criticism over the steepest hike, petrol price was today cut by Rs 2.02 rpt 2.02 per litre, a partial rollback of the Rs 7.54 a litre increase effected more than a week ago.
The reduction, a result of fall in international oil prices, will mean that petrol in Delhi will cost Rs 71.16 rpt 71.16 per litre from midnight tonight, as against Rs 73.18 at present.
The decision, flowing out of the fortnightly review by oil marketing companies, came as some relief for consumers battered by double-digit inflation and the May 24 hike which was the steepest ever that came on top of two increases in a year.
The May 24 hike had come under sharp attack from all political parties including allies like TMC and DMK and some ministers in the UPA and there was all-round demand for a rollback.
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Business Standard
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 66.63 | -0.68 | -1.01 |
| WTI | 64.98 | -0.09 | -0.14 |
| OPEC Basket | 68.35 | 0.0000 | 0.0000 |
02/07/2025
Oil prices were slightly higher on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for August at an upcoming meeting, while also keeping an eye on negotiations betw
Reuters
01/07/2025
As the Iran-Israel ceasefire continues to hold after the Islamic republic's barrage of missiles fired at a US base in Qatar last week, the global oil market is once again looking past the geopolitica
Khaleej Times
29/06/2025
Oil prices rose on Friday though were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evapor
Reuters
27/06/2025
Oil prices edged higher on Thursday as investors remained cautious about the Iran-Israel ceasefire and shifted their attention to market fundamentals after a stockdraw in the United States.
Asharq Al Awsat
27/06/2025
Oil prices edged higher on Thursday as investors remained cautious about the Iran-Israel ceasefire and shifted their attention to market fundamentals after a stock draw in the United States.
Reuters
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