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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 | 60.8 | -0.11 | -0.18 |
| WTI | 57.33 | -0.12 | -0.21 |
| OPEC Basket | 61.12 | 0.09 | 0.15 |
04/01/2026
By the end of December 2025, the 9th month of the current fiscal year 2025/2026 had concluded. The average price of Kuwaiti oil per barrel for December was around $61.3, dropping by $3.9 per barrel o
Kuwait Times
01/01/2026
Oil prices were slightly lower on Wednesday, and headed for a fall of more than 15 per cent in 2025, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+
Reuters
30/12/2025
Oil prices rose on Monday as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential ?deal to end the war in Ukraine, as well as Middle East tensions that could
Asharq Al Awsat
25/12/2025
Oil prices witnessed slight gains on Wednesday, extending the advances made in the previous session, supported by strong economic growth in the United States and concerns over potential supply disrup
QNA
19/12/2025
Oil prices rose slightly on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.
Brent cru
Asharq Al Awsat
Financial Information Co.
Saudi Arabia