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Brent fell more than 6% in July, while futures on US crude dropped about 7%.
Oilers kept oil and diesel prices unchanged Wednesday in four regions of the country. According to the IOC (Indian Oil Corporation) rate chart, gasoline is being sold today at Rs.76.31 per liter in Delhi and Rs. 83.76 per liter in Mumbai. The prices of gasoline in Kolkata and Chennai are at Rs. 79.20 per liter and Rs. 79.26 per liter respectively. The diesel can be bought today at Rs. 67.82 per liter in Delhi. Diesel prices are at Rs. 72.00 per liter in Mumbai, Rs. 70.58 per liter in Calcutta and Rs. 71.62 per liter in Chennai, as reported by IOC, the country's largest fuel retailer. .
The above rates are applicable from 1 August 2018 from 6 am State oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices from 6 am each day.
( The above rates are applicable from 6 am on August 1, 2018
Tuesday oil prices were increased by 6% while diesel prices were boosted by 7 paise in the country's four metros.
On the global front, oil prices fell on Wednesday US crude stocks rise unexpectedly, starting the new month in negative territory after the biggest drop monthly in two years in July, according to the Reuters news agency.
Brent fell more than 6% in July A Reuters poll showed that oil prices should remain fairly stable this year and the next , while increased production from OPEC and the US responds to growing demand from Asia and helps offset supply disruptions.
Meanwhile, the Reserve Bank of India (RBI) is ready to publish his statement of monetary policy today. ( With the entries of Reuters )
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