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Brent crude futures prices rose 73 cents, or 1%, to $ 77.62 per barrel.
Oil marketing companies cut gasoline prices in the four subway cities for the tenth consecutive day on Saturday. The gasoline is priced at Rs. 80.85 a liter in New Delhi, Rs. 82.71 a liter in Kolkata, Rs. 86.33 a liter in Mumbai and Rs. 84.02 a liter in Chennai, according to the Indian Oil Corporation (IOC). Diesel is selling at Rs. 74.73 a liter in New Delhi, Rs. 76.58 a liter in Kolkata, Rs. 78.33 a liter in Mumbai and Rs. 79.02 a liter in Chennai. Gasoline and diesel tariffs are set daily by oil marketing companies on the basis of the Australian dollar exchange rate and world crude oil prices.
Indian oil marketers, Indian Oil, Bharat Petroleum and Hindustan Petroleum, review fuel prices starting at 6 am each day. has authorized the daily review of fuel prices since mid-June of last year to instantly reflect the changing costs.
Overall, oil prices rose on Friday, bolstered by expectations that sanctions on Iran would tighten supplies, the Reuters news agency reported that "the stock market crash and the Worries of trade wars clouded the outlook for fuel demand. "
Brent crude futures rose 73 cents, or 1%, to $ 77.62 per barrel. weekly loss of about 2.7% and is down about 10 dollars in three weeks
West Texas Intermediate (WTI) futures contracts rose 26 cents, or 0.4% to end at $ 67.59 per barrel. He recorded a weekly loss of about 2.3%.
(With Reuters entries)
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