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India imports more than 80% of its crude oil requirements through imports.
Oil companies held Sunday prices of gasoline and diesel in four metropolitan cities, after cutting them Saturday. According to the IOC (Indian Oil Corporation) rate chart, gasoline is sold at Rs. 76.16 per liter in Delhi and Rs. 83.61 per liter in Mumbai. The prices of gasoline in Kolkata and Chennai are at Rs. 79.05 per liter and Rs. 79.11 per liter respectively. The diesel can be bought at Rs. 67.62 per liter in Delhi. Diesel prices are at Rs. 71.79 per liter in Mumbai, Rs. 70.37 per liter in Calcutta and Rs. 71.41 per liter in Chennai, said IOC, the country's largest fuel retailer.
(Gasoline, diesel price today in the four metros)
The rates mentioned above are applicable from 6 am in the morning.The state oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum review fuel prices from 6 am daily. since mid-June of last year to reflect the cost changes instantly.
The price of fuel in Delhi had reached a record of 78.43 Rs per liter for gasoline and 69.31 Rs per liter for diesel on May 30 this year India imports more than 80% of its crude oil needs through imports.
On Friday, Brent futures fell 25 cents to $ 74.29 a barrel, but posted a weekly rise of 1.8%. first hike in four weeks The West Texas Intermediate (WTI) crude oil futures contract fell 92 cents to Tilt at $ 68.69 a barrel, and marked a fourth week of declines, down about 2 , 4 percent
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