Sri Lanka is&nbsp;currently experiencing major fuel shortage along with the worst inflation since gaining independence in 1948. The shortage of foreign exchange has resulted in food and fuel shortages in the past few months but there is some good news for the struggling island nation. India's Lanka Indian Oil Corporation (LIOC) has announced that they will be opening around 50 new fuel stations in the country in order to boost the fuel supply. LIOC, a subsidiary of the Indian Oil Corporation, already has 216 stations all around the country and is also listed on the Colombo Stock Exchange.

Also read |&nbsp;<a href="https://www.wionews.com/world/51-including-27-civilians-killed-in-gaza-during-the-latest-air-strikes-israel-defense-forces-504792">51, including 27 civilians killed in Gaza during latest air strikes: Israel</a>

According to Reuters, LIOC Managing Director Manoj Gupta said on Monday that they will be investing another $5.5 million in order to bolster the situation in the country.

"We have been trying for some time to get this approval and we are more than willing to come forward and play a larger role to support and work with Sri Lanka to resolve its challenges."

The volatile situation in Sri Lanka has already resulted in massive uproar among the public and due to widespread protests, former President Gotabaya Rajapaksa had to leave his position.

Also read |&nbsp;<a href="https://www.wionews.com/world/taliban-honoring-hero-afghan-soldier-in-kabul-who-killed-unarmed-australians-504779" hreflang="en">Taliban honouring 'Hero' Afghan soldier in Kabul who killed unarmed Australian diggers</a>

The other major fuel supplier for the country is the state-run Ceylon Petroleum Corporation (CPC).

Reuters reported that till now, India has invested around $4 billion to help Sri Lanka along with credit lines to buy food and other major commodities from the global market. The government are currently in talks with other country as well as the International Monetary Fund (IMF) for aid.

WATCH WION LIVE HERE -

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(With inputs from agencies)

Sri Lanka is currently experiencing major fuel shortage along with the worst inflation since gaining independence in 1948. The shortage of foreign exchange has resulted in food and fuel shortages in the past few months but there is some good news for the struggling island nation.

Sri Lanka is currently experiencing major fuel shortage along with the worst inflation since gaining independence in 1948. The shortage of foreign exchange has resulted in food and fuel shortages in the past few months but there is some good news for the struggling island nation. India's Lanka Indian Oil Corporation (LIOC) has announced that they will be opening around 50 new fuel stations in the country in order to boost the fuel supply. LIOC, a subsidiary of the Indian Oil Corporation, already has 216 stations all around the country and is also listed on the Colombo Stock Exchange. Also read | 51, including 27 civilians killed in Gaza during latest air strikes: Israel According to Reuters, LIOC Managing Director Manoj Gupta said on Monday that they will be investing another $5.5 million in order to bolster the situation in the country. "We have been trying for some time to get this approval and we are more than willing to come forward and play a larger role to support and work with Sri Lanka to resolve its challenges." The volatile situation in Sri Lanka has already resulted in massive uproar among the public and due to widespread protests, former President Gotabaya Rajapaksa had to leave his position. Also read | Taliban honouring 'Hero' Afghan soldier in Kabul who killed unarmed Australian diggers The other major fuel supplier for the country is the state-run Ceylon Petroleum Corporation (CPC). Reuters reported that till now, India has invested around $4 billion to help Sri Lanka along with credit lines to buy food and other major commodities from the global market. The government are currently in talks with other country as well as the International Monetary Fund (IMF) for aid. WATCH WION LIVE HERE - (With inputs from agencies)

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to battle crisis

Russian oil giant Rosneft on Wednesday announced a deal to supply up to two million tonnes of oil to India this year, adding that Delhi planned to invest in its Arctic projects.

Rosneft has signed a contract with Indian Oil Corporation to supply the oil via Russia's southern port Novorossiysk, it said in a statement.

The Russian state-owned oil company's chief Igor Sechin was in India Wednesday for talks with Oil Minister Dharmendra Pradhan to discuss increasing Russian oil supplies to India, it said.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/oil-rises-more-than-1-ahead-of-opec-meeting-to-discuss-supply-cuts-284412">Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts</a>

They also discussed Russia's offshore and liquified natural gas (LNG) projects, including Vostok Oil in Arctic Siberia, in which the Indian firm had already agreed to participate, Rosneft said.

India and Russia will negotiate terms of India's involvement in Vostok Oil "in the shortest time possible," it added.

Rosneft's Vostok Oil operation in the north of the Krasnoyarsk region is a projected "oil cluster of global importance," according to the company. It received a license to develop the West Irkinsky oil and gas site last year.

Watch:&nbsp;

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Rosneft sees Vostok Oil as a way to increase cargo traffic on the Northern Sea route to 80 million tonnes by 2024 as ordered by President Vladimir Putin.

Since 2017, Rosneft owns 49 per cent of the Indian group Nayara, which operates the country's second-largest refinery in Vadinar.

Russian oil giant Rosneft on Wednesday announced a deal to supply up to two million tonnes of oil to India this year, adding that Delhi planned to invest in its Arctic projects.

Russian oil giant Rosneft on Wednesday announced a deal to supply up to two million tonnes of oil to India this year, adding that Delhi planned to invest in its Arctic projects. Rosneft has signed a contract with Indian Oil Corporation to supply the oil via Russia's southern port Novorossiysk, it said in a statement. The Russian state-owned oil company's chief Igor Sechin was in India Wednesday for talks with Oil Minister Dharmendra Pradhan to discuss increasing Russian oil supplies to India, it said. Also read: Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts They also discussed Russia's offshore and liquified natural gas (LNG) projects, including Vostok Oil in Arctic Siberia, in which the Indian firm had already agreed to participate, Rosneft said. India and Russia will negotiate terms of India's involvement in Vostok Oil "in the shortest time possible," it added. Rosneft's Vostok Oil operation in the north of the Krasnoyarsk region is a projected "oil cluster of global importance," according to the company. It received a license to develop the West Irkinsky oil and gas site last year. Watch: × Rosneft sees Vostok Oil as a way to increase cargo traffic on the Northern Sea route to 80 million tonnes by 2024 as ordered by President Vladimir Putin. Since 2017, Rosneft owns 49 per cent of the Indian group Nayara, which operates the country's second-largest refinery in Vadinar.

Russia boosts oil supply to India

Continuing the series of back to back visits from India to Russia in the last fortnight, India's energy minister Dharmendra Pradhan will be in Moscow starting Thursday for a two-day visit.&nbsp;

Earlier this week India's external affairs minister S Jaishankar was in Moscow and National Security Advisor Ajit Doval visited too.&nbsp;

Pradhan will meet Russian energy minister Alexander Novak and will review energy sector cooperation. He will be accompanied by heads of state-owned oil companies like Indian Oil Corporation.

"Minister of Petroleum and Natural Gas &amp; Steel together with Russian Energy Minister will participate in an Energy Dialogue with Russian and Indian Oil &amp; Gas and Steel Companies.", a release from the petroleum ministry said.

Both sides are working towards the realisation of an "energy bridge" and Indian companies have invested more than $5.5 billion in Russian oil and gas sector. ONGC Videsh ltd along with Oil India and IOCL have invested in Vankor Field in eastern Siberia.

Other than that, energy minister will also talk about cooperation in oil and gas, steel and coal sectors. This will be his first overseas’ visit since his assumption of office.&nbsp;

Dharmendra Pradhan will also hold a meeting with Yury Trutnev, Deputy Prime Minister of the Russian Federation or President's envoy to Far Eastern Federal District.

Energy will be key topics of discussion when Prime Minister Narendra Modi will meet Russian President Vladimir Putin in Vladivostok for the Eastern Economic Forum and annual India-Russia summit.

Continuing the series of back to back visits from India to Russia in the last fortnight, India's energy minister Dharmendra Pradhan will be in Moscow starting Thursday for a two-day visit.

Continuing the series of back to back visits from India to Russia in the last fortnight, India's energy minister Dharmendra Pradhan will be in Moscow starting Thursday for a two-day visit. Earlier this week India's external affairs minister S Jaishankar was in Moscow and National Security Advisor Ajit Doval visited too. Pradhan will meet Russian energy minister Alexander Novak and will review energy sector cooperation. He will be accompanied by heads of state-owned oil companies like Indian Oil Corporation. "Minister of Petroleum and Natural Gas & Steel together with Russian Energy Minister will participate in an Energy Dialogue with Russian and Indian Oil & Gas and Steel Companies.", a release from the petroleum ministry said. Both sides are working towards the realisation of an "energy bridge" and Indian companies have invested more than $5.5 billion in Russian oil and gas sector. ONGC Videsh ltd along with Oil India and IOCL have invested in Vankor Field in eastern Siberia. Other than that, energy minister will also talk about cooperation in oil and gas, steel and coal sectors. This will be his first overseas’ visit since his assumption of office. Dharmendra Pradhan will also hold a meeting with Yury Trutnev, Deputy Prime Minister of the Russian Federation or President's envoy to Far Eastern Federal District. Energy will be key topics of discussion when Prime Minister Narendra Modi will meet Russian President Vladimir Putin in Vladivostok for the Eastern Economic Forum and annual India-Russia summit.

India's energy minister Dharmendra Pradhan on two-day visit to Russia

Equity indices continued to slip during early hours on Friday in line with their Asian peers as investors remained cautious amid corporate results season.

At 10:15 am, the BSE S&amp;P Sensex was down 101 points at 37,730 while the Nifty 50 slipped 19 points to 11,234.

At the National Stock Exchange, sectoral indices were mixed with Nifty IT, media and metal in the red while PSU banks gained 1.7 per cent.

Among stocks, Indian Oil Corporation dropped by 2.6 per cent and traded at Rs 142.75 per share. Vedanta dropped by over 2 per cent, UPL by 1.8 per cent, Bharti Airtel by 1.5 per cent and ONGC by over 1 per cent.

However, Mahindra &amp; Mahindra and Bharti Infratel edged higher by 2 per cent. The other prominent gainers were Bajaj Finserv, Indiabulls Housing Finance and Zee Entertainment.

Meanwhile, Asian stocks retreated after their US counterparts fell from record highs amid mixed corporate earning results.

Stocks fell in Japan and South Korea while China and Hong Kong opened lower as the European Central Bank unexpectedly held interest rates steady.

Uncertainties over whether Washington and Beijing will be able to settle differences over trade kept many investors on guard. Negotiators from the two sides will meet in Shanghai next week.

Equity indices continued to slip during early hours on Friday in line with their Asian peers as investors remained cautious amid corporate results season. At 10:15 am, the BSE S&P Sensex was down 101 points at 37,730 while the Nifty 50 slipped 19 points to 11,234.

Equity indices continued to slip during early hours on Friday in line with their Asian peers as investors remained cautious amid corporate results season. At 10:15 am, the BSE S&P Sensex was down 101 points at 37,730 while the Nifty 50 slipped 19 points to 11,234. At the National Stock Exchange, sectoral indices were mixed with Nifty IT, media and metal in the red while PSU banks gained 1.7 per cent. Among stocks, Indian Oil Corporation dropped by 2.6 per cent and traded at Rs 142.75 per share. Vedanta dropped by over 2 per cent, UPL by 1.8 per cent, Bharti Airtel by 1.5 per cent and ONGC by over 1 per cent. However, Mahindra & Mahindra and Bharti Infratel edged higher by 2 per cent. The other prominent gainers were Bajaj Finserv, Indiabulls Housing Finance and Zee Entertainment. Meanwhile, Asian stocks retreated after their US counterparts fell from record highs amid mixed corporate earning results. Stocks fell in Japan and South Korea while China and Hong Kong opened lower as the European Central Bank unexpectedly held interest rates steady. Uncertainties over whether Washington and Beijing will be able to settle differences over trade kept many investors on guard. Negotiators from the two sides will meet in Shanghai next week.

Sensex down over 100 points in early trade, PSU banks gain

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting&nbsp;today.

According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder.

"The price of non-subsidised LPG in Delhi will decrease by Rs 100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in the international market and US dollar-rupee exchange rate," IOC said in a press release.

Subsidised LPG cylinder will now come down to Rs 494.35 after the fresh rate revision.

The press release said,&nbsp;"As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be Rs 494.35 per cylinder for the month of July."

The balance amount is borne as subsidy (Rs 142.65 per cylinder) by the central government and is being transferred to the Bank account of LPG consumers after purchase and delivery of a refill.

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting today. According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder.

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting today. According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder. "The price of non-subsidised LPG in Delhi will decrease by Rs 100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in the international market and US dollar-rupee exchange rate," IOC said in a press release. Subsidised LPG cylinder will now come down to Rs 494.35 after the fresh rate revision. The press release said, "As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be Rs 494.35 per cylinder for the month of July." The balance amount is borne as subsidy (Rs 142.65 per cylinder) by the central government and is being transferred to the Bank account of LPG consumers after purchase and delivery of a refill.

LPG cylinder to cost Rs 100 less in Delhi from today

Indian Oil Corporation has resumed <a href="https://www.wionews.com/business-economy/indian-oil-corporation-stops-fuel-supply-to-jet-airways-208130">fuel services to Jet Airways</a>, news agency ANI reported.&nbsp;

The development came shortly after the public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon on Friday.

Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes.

On March 25, Jet Airways board had approved a resolution plan formulated by SBI-led domestic lenders, under which had agreed to infuse an emergency funding of Rs 1,500 crore into the airline, and convert the same into equity worth 50.1 per cent for a notional value of just Re 1 each share.

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<a href="https://twitter.com/hashtag/UPDATE?src=hash&amp;ref_src=twsrc%5Etfw">#UPDATE</a>: Indian Oil Corporation Ltd (IOCL) has resumed fuel services to Jet Airways. <a href="https://t.co/hzUz59TzEI">https://t.co/hzUz59TzEI</a>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1114133596518928384?ref_src=twsrc%5Etfw">April 5, 2019</a></blockquote>
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The airline, however, has not yet received the much-needed funds.&nbsp;

Meanwhile, another report states that lessors to Jet Airways are planning to ask the aviation regulator to <a href="https://www.wionews.com/business-economy/jet-crisis-deepens-lessors-to-de-register-more-planes-over-10-days-sources-208167">de-register many more planes</a> leased to the airline, three sources said, signalling a planned bailout of the debt-laden carrier is failing to assuage their concerns, news agency Reuters reported.&nbsp;

About six lessors are expected to apply to the Directorate General of Civil Aviation (DGCA) to de-register up to 15 planes that have already been grounded, over the next 10 days, one of the sources with direct knowledge of the matter told Reuters.

This is in addition to the five planes that MC Aviation Partners, a subsidiary of Mitsubishi, applied on Friday to de-register, the source said.

Once de-registered, lessors can take the plane out of the country and lease them to other airlines.

While some lessors have already taken their planes out after a mutual agreement with Jet, sources say the latest applications to do so are on a non-consensual basis.

This deepens the crisis for Jet that has had to ground more than three-quarters of its fleet of 119 planes, many due to non-payment to lessors, leading to hundreds of flight cancellations.

(With inputs from Reuters)

Indian Oil Corporation has resumed fuel services to Jet Airways, news agency ANI reported. The development came shortly after the public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon on Friday.

Indian Oil Corporation has resumed fuel services to Jet Airways, news agency ANI reported. The development came shortly after the public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon on Friday. Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes. On March 25, Jet Airways board had approved a resolution plan formulated by SBI-led domestic lenders, under which had agreed to infuse an emergency funding of Rs 1,500 crore into the airline, and convert the same into equity worth 50.1 per cent for a notional value of just Re 1 each share. #UPDATE: Indian Oil Corporation Ltd (IOCL) has resumed fuel services to Jet Airways. https://t.co/hzUz59TzEI — ANI (@ANI) April 5, 2019 × The airline, however, has not yet received the much-needed funds. Meanwhile, another report states that lessors to Jet Airways are planning to ask the aviation regulator to de-register many more planes leased to the airline, three sources said, signalling a planned bailout of the debt-laden carrier is failing to assuage their concerns, news agency Reuters reported. About six lessors are expected to apply to the Directorate General of Civil Aviation (DGCA) to de-register up to 15 planes that have already been grounded, over the next 10 days, one of the sources with direct knowledge of the matter told Reuters. This is in addition to the five planes that MC Aviation Partners, a subsidiary of Mitsubishi, applied on Friday to de-register, the source said. Once de-registered, lessors can take the plane out of the country and lease them to other airlines. While some lessors have already taken their planes out after a mutual agreement with Jet, sources say the latest applications to do so are on a non-consensual basis. This deepens the crisis for Jet that has had to ground more than three-quarters of its fleet of 119 planes, many due to non-payment to lessors, leading to hundreds of flight cancellations. (With inputs from Reuters)

Indian Oil Corporation resumes fuel services to Jet Airways

Indian Oil Corporation (IOC) Friday stopped fuel supply to the <a href="https://www.wionews.com/business-economy/jet-airways-lenders-to-invite-bids-for-stake-sale-on-april-6-207992">struggling carrier Jet Airways</a> for non-payment.

The public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon Friday, sources told PTI.

Response to a query sent to Jet Airways on this issue was awaited.

Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes.

On March 25, Jet Airways board had approved a resolution plan formulated by SBI-led domestic lenders, under which had agreed to infuse an emergency funding of Rs 1,500 crore into the airline, and convert the same into equity worth 50.1 per cent for a notional value of just Re 1 each share.

The airline, however, has not yet received the much-needed funds.&nbsp;

Indian Oil Corporation (IOC) Friday stopped fuel supply to the struggling carrier Jet Airways for non-payment. The public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon Friday, sources told PTI.

Indian Oil Corporation (IOC) Friday stopped fuel supply to the struggling carrier Jet Airways for non-payment. The public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon Friday, sources told PTI. Response to a query sent to Jet Airways on this issue was awaited. Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes. On March 25, Jet Airways board had approved a resolution plan formulated by SBI-led domestic lenders, under which had agreed to infuse an emergency funding of Rs 1,500 crore into the airline, and convert the same into equity worth 50.1 per cent for a notional value of just Re 1 each share. The airline, however, has not yet received the much-needed funds.

Indian Oil Corporation stops fuel supply to Jet Airways

The <a href="http://wionews.com/india-news/petrol-prices-reduce-by-40-paise-diesel-by-30-on-11th-consecutive-day-143242">prices of petrol and diesel fell again </a>on Sunday making it the twelfth consecutive downfall in the price.

While the prices of petrol reduced by 20 paise per litre, that of diesel lowered by 18 paise per litre.

The prices of petrol and diesel after the twelfth consecutive reduction came down to Rs 76.62 and Rs 68.1 Rs respectively.

The price of petrol and diesel differs from state to state depending on local sales tax or VAT.

The total reduction in the price of petrol and diesel after the 12th consecutive cut accounted for Rs 1.69 and Rs 1.2 respectively.

The rates of the petrol and diesel are the cheapest in Delhi compared to other metros and most State capitals.

The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.

There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price.

The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.

There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price

The prices of petrol and diesel fell again on Sunday making it the twelfth consecutive downfall in the price. While the prices of petrol reduced by 20 paise per litre, that of diesel lowered by 18 paise per litre. The prices of petrol and diesel after the twelfth consecutive reduction came down to Rs 76.62 and Rs 68.1 Rs respectively. The price of petrol and diesel differs from state to state depending on local sales tax or VAT. The total reduction in the price of petrol and diesel after the 12th consecutive cut accounted for Rs 1.69 and Rs 1.2 respectively. The rates of the petrol and diesel are the cheapest in Delhi compared to other metros and most State capitals. The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors. There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price. The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.

Petrol prices reduced by 20 paise, diesel by 18 paise; 12th consecutive day of cuts

The prices of petrol and diesel fell again on Saturday making it the eleventh consecutive downfall in the price.

While the prices of petrol reduced by&nbsp;40 paise per litre, that of diesel lowered by&nbsp;30 paise per litre.

The price of the petrol and diesel is being monitored by the state-run oil marketing companies.

The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.

There has been a consistent&nbsp;reduction in the price of petrol and diesel after&nbsp;the government faced a severe backlash from the opposition for failing to control the rising price.

The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.

The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors

The prices of petrol and diesel fell again on Saturday making it the eleventh consecutive downfall in the price. While the prices of petrol reduced by 40 paise per litre, that of diesel lowered by 30 paise per litre. The price of the petrol and diesel is being monitored by the state-run oil marketing companies. The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors. There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price. The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.

Petrol prices reduce by 40 paise, diesel by 30 on 11th consecutive day

The price of non-branded petrol was recorded as Rs 77.42 in Delhi, Rs 80.07 in Kolkata, Rs 85.24 in Mumbai and Rs 80.37 in Chennai, while the prices of non-branded Diesel accounted for Rs 68.58 in Delhi, Rs 71.13 in Kolkata, Rs 73.02 in Mumbai and Rs 72.40 in Chennai on Friday.

According to the Indian Oil Corporation, the prices of petrol reduced by 21-22 paisa per litre in Delhi, Kolkata, Mumbai and Chennai compared with the previous day's price. While the prices of diesel went down by 15-16 paise per litre.

The price of the petrol and diesel is being monitored by the state-run oil marketing companies.

The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.

After the consistent reduction in the price of the two for ten days, the prices for petrol and diesel have not even reduced by a rupee.&nbsp;

While the consecutive increase in the prices since May 2014 had led to an increase of Rs 3.55 per litre and diesel by Rs 2.78.

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Price of non-branded Petrol in Delhi-Rs 77.42, Kolkata-Rs 80.07, Mumbai -Rs 85.24 and Chennai-Rs 80.37. Prices of non-branded Diesel in 
Delhi-Rs 68.58, Kolkata-Rs 71.13, Mumbai-Rs 73.02 and Chennai-Rs 72.40.
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&nbsp;

The price of non-branded petrol was recorded as Rs 77.42 in Delhi, Rs 80.07 in Kolkata, Rs 85.24 in Mumbai and Rs 80.37 in Chennai, while the prices of non-branded Diesel accounted for Rs 68.58 in Delhi, Rs 71.13 in Kolkata, Rs 73.02 in Mumbai and Rs 72.40 in Chennai on Friday

The price of non-branded petrol was recorded as Rs 77.42 in Delhi, Rs 80.07 in Kolkata, Rs 85.24 in Mumbai and Rs 80.37 in Chennai, while the prices of non-branded Diesel accounted for Rs 68.58 in Delhi, Rs 71.13 in Kolkata, Rs 73.02 in Mumbai and Rs 72.40 in Chennai on Friday. According to the Indian Oil Corporation, the prices of petrol reduced by 21-22 paisa per litre in Delhi, Kolkata, Mumbai and Chennai compared with the previous day's price. While the prices of diesel went down by 15-16 paise per litre. The price of the petrol and diesel is being monitored by the state-run oil marketing companies. The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors. After the consistent reduction in the price of the two for ten days, the prices for petrol and diesel have not even reduced by a rupee. While the consecutive increase in the prices since May 2014 had led to an increase of Rs 3.55 per litre and diesel by Rs 2.78. Price of non-branded Petrol in Delhi-Rs 77.42, Kolkata-Rs 80.07, Mumbai -Rs 85.24 and Chennai-Rs 80.37. Prices of non-branded Diesel in Delhi-Rs 68.58, Kolkata-Rs 71.13, Mumbai-Rs 73.02 and Chennai-Rs 72.40. — ANI (@ANI) June 8, 2018 ×

Petrol, diesel prices reduce for 10th day

After a mere 1 paisa cut in fuel prices on Wednesday, petrol and diesel costs saw a further drop on Thursday morning. Fuel prices dropped by 7 paisa in Delhi, Mumbai, Kolkata and Chennai, settling at Rs 78.35, Rs 86.16, Rs 80.98 and Rs 81.35 per litre respectively.&nbsp;

Diesel prices for the four metropolitan cities came down by 5 paisa with the fuel selling at Rs 69.25 per litre in Delhi, Rs 73.73 for a litre in Mumbai. For Chennai, diesel prices on Thursday came down to Rs 73.12 a litre while people in Kolkata will be required to shell out Rs 71.80 per litre for the fuel.&nbsp;

<table border="1" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>Date</td>
			<td>Delhi (petrol in Rs/per litre)</td>
			<td>Mumbai</td>
			<td>Kolkata</td>
			<td>Chennai</td>
		</tr>
		<tr>
			<td>May 31</td>
			<td>78.35</td>
			<td>86.16</td>
			<td>80.98</td>
			<td>81.35</td>
		</tr>
		<tr>
			<td>May 30</td>
			<td>78.42</td>
			<td>86.23</td>
			<td>81.05</td>
			<td>81.42</td>
		</tr>
		<tr>
			<td>May 29</td>
			<td>78.43</td>
			<td>86.24</td>
			<td>81.06</td>
			<td>81.43</td>
		</tr>
		<tr>
			<td>May 28</td>
			<td>78.27</td>
			<td>86.08</td>
			<td>80.91</td>
			<td>81.26</td>
		</tr>
		<tr>
			<td>May 27</td>
			<td>78.12</td>
			<td>85.93</td>
			<td>80.76</td>
			<td>81.11</td>
		</tr>
		<tr>
			<td>May 26</td>
			<td>77.97</td>
			<td>85.78</td>
			<td>80.61</td>
			<td>80.95</td>
		</tr>
		<tr>
			<td>May 25</td>
			<td>77.83</td>
			<td>85.65</td>
			<td>80.47</td>
			<td>80.80</td>
		</tr>
		<tr>
			<td>May 24</td>
			<td>77.47</td>
			<td>85.29</td>
			<td>80.12</td>
			<td>80.42</td>
		</tr>
		<tr>
			<td>May 23</td>
			<td>77.17</td>
			<td>84.99</td>
			<td>79.83</td>
			<td>80.11</td>
		</tr>
		<tr>
			<td>May 22</td>
			<td>76.87</td>
			<td>84.70</td>
			<td>79.53</td>
			<td>79.79</td>
		</tr>
		<tr>
			<td>May 21</td>
			<td>76.57</td>
			<td>84.40</td>
			<td>79.24</td>
			<td>79.47</td>
		</tr>
		<tr>
			<td>May 20</td>
			<td>76.24</td>
			<td>84.07</td>
			<td>78.91</td>
			<td>79.13</td>
		</tr>
	</tbody>
</table>

On Wednesday, the Indian Oil Corporation revised its fuel rates cutting prices by just a paisa. The oil company clarified that the revised price was actually 1 paisa and not 60 paisa as previously reported, blaming it on a "clerical error".

<table border="1" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>Date&nbsp;</td>
			<td>Delhi (diesel in Rs/per litre)</td>
			<td>Mumbai</td>
			<td>Kolkata</td>
			<td>Chennai</td>
		</tr>
		<tr>
			<td>May 31</td>
			<td>69.25</td>
			<td>73.73</td>
			<td>71.80</td>
			<td>73.12</td>
		</tr>
		<tr>
			<td>May 30</td>
			<td>69.30</td>
			<td>73.78</td>
			<td>71.85</td>
			<td>72.17</td>
		</tr>
		<tr>
			<td>May 29</td>
			<td>69.31</td>
			<td>73.79</td>
			<td>71.86</td>
			<td>73.18</td>
		</tr>
		<tr>
			<td>May 28</td>
			<td>69.17</td>
			<td>73.64</td>
			<td>71.72</td>
			<td>73.03</td>
		</tr>
		<tr>
			<td>May 27</td>
			<td>69.06</td>
			<td>73.53</td>
			<td>71.61</td>
			<td>72.91</td>
		</tr>
		<tr>
			<td>May 26</td>
			<td>68.90</td>
			<td>73.36</td>
			<td>71.45</td>
			<td>72.74</td>
		</tr>
		<tr>
			<td>May 25</td>
			<td>68.75</td>
			<td>73.20</td>
			<td>71.30</td>
			<td>72.58</td>
		</tr>
		<tr>
			<td>May 24</td>
			<td>68.53</td>
			<td>72.96</td>
			<td>71.08</td>
			<td>72.35</td>
		</tr>
		<tr>
			<td>May 23</td>
			<td>68.34</td>
			<td>72.76</td>
			<td>70.89</td>
			<td>72.14</td>
		</tr>
		<tr>
			<td>May 22</td>
			<td>68.08</td>
			<td>72.48</td>
			<td>70.63</td>
			<td>71.87</td>
		</tr>
		<tr>
			<td>May 21</td>
			<td>67.82</td>
			<td>72.21</td>
			<td>70.37</td>
			<td>71.59</td>
		</tr>
		<tr>
			<td>May 20</td>
			<td>67.57</td>
			<td>71.94</td>
			<td>70.12</td>
			<td>71.32</td>
		</tr>
	</tbody>
</table>

After over a fortnight of continuous hike in fuel prices, petrol and diesel costs across India saw minor reductions on Wednesday.&nbsp;

On Wednesday, the Indian Oil Corporation revised its fuel rates cutting prices by just a paisa

After a mere 1 paisa cut in fuel prices on Wednesday, petrol and diesel costs saw a further drop on Thursday morning. Fuel prices dropped by 7 paisa in Delhi, Mumbai, Kolkata and Chennai, settling at Rs 78.35, Rs 86.16, Rs 80.98 and Rs 81.35 per litre respectively. Diesel prices for the four metropolitan cities came down by 5 paisa with the fuel selling at Rs 69.25 per litre in Delhi, Rs 73.73 for a litre in Mumbai. For Chennai, diesel prices on Thursday came down to Rs 73.12 a litre while people in Kolkata will be required to shell out Rs 71.80 per litre for the fuel. Date Delhi (petrol in Rs/per litre) Mumbai Kolkata Chennai May 31 78.35 86.16 80.98 81.35 May 30 78.42 86.23 81.05 81.42 May 29 78.43 86.24 81.06 81.43 May 28 78.27 86.08 80.91 81.26 May 27 78.12 85.93 80.76 81.11 May 26 77.97 85.78 80.61 80.95 May 25 77.83 85.65 80.47 80.80 May 24 77.47 85.29 80.12 80.42 May 23 77.17 84.99 79.83 80.11 May 22 76.87 84.70 79.53 79.79 May 21 76.57 84.40 79.24 79.47 May 20 76.24 84.07 78.91 79.13 On Wednesday, the Indian Oil Corporation revised its fuel rates cutting prices by just a paisa. The oil company clarified that the revised price was actually 1 paisa and not 60 paisa as previously reported, blaming it on a "clerical error". Date Delhi (diesel in Rs/per litre) Mumbai Kolkata Chennai May 31 69.25 73.73 71.80 73.12 May 30 69.30 73.78 71.85 72.17 May 29 69.31 73.79 71.86 73.18 May 28 69.17 73.64 71.72 73.03 May 27 69.06 73.53 71.61 72.91 May 26 68.90 73.36 71.45 72.74 May 25 68.75 73.20 71.30 72.58 May 24 68.53 72.96 71.08 72.35 May 23 68.34 72.76 70.89 72.14 May 22 68.08 72.48 70.63 71.87 May 21 67.82 72.21 70.37 71.59 May 20 67.57 71.94 70.12 71.32 After over a fortnight of continuous hike in fuel prices, petrol and diesel costs across India saw minor reductions on Wednesday.

Fuel prices drop further, petrol by 7 paisa and diesel by 5

Diesel prices hit their highest in India since 2013 after they were hiked for a sixth consecutive day.&nbsp;

The prices of diesel and petrol were hiked effective Tuesday morning across Delhi, Mumbai, Kolkata and Chennai.

Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest-ever since May 2014 in Delhi, according to Indian Oil Corporation (IOC).

In Kolkata, Mumbai and Chennai petrol prices climbed to new highs of Rs 77.10, Rs 82.25 and Rs 77.19 respectively.&nbsp;

Diesel prices in the three cities touched record highs of Rs. 65.65, Rs. 68.35, Rs. 69.91 and Rs. 69.27 respectively.

The petrol and diesel prices across the country are revised on a day to day revisions by state-run oil marketing companies which is determined by international crude oil price.

The rise in crude oil prices is due to&nbsp;the ongoing supply cut of oil by the Organisation of the Petroleum Exporting Countries (OPEC), coupled with a strong global demand for crude causing a hike in petrol and diesel prices in India.

(With inputs from news agencies)

Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest ever since May 2014 in Delhi

Diesel prices hit their highest in India since 2013 after they were hiked for a sixth consecutive day. The prices of diesel and petrol were hiked effective Tuesday morning across Delhi, Mumbai, Kolkata and Chennai. Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest-ever since May 2014 in Delhi, according to Indian Oil Corporation (IOC). In Kolkata, Mumbai and Chennai petrol prices climbed to new highs of Rs 77.10, Rs 82.25 and Rs 77.19 respectively. Diesel prices in the three cities touched record highs of Rs. 65.65, Rs. 68.35, Rs. 69.91 and Rs. 69.27 respectively. The petrol and diesel prices across the country are revised on a day to day revisions by state-run oil marketing companies which is determined by international crude oil price. The rise in crude oil prices is due to the ongoing supply cut of oil by the Organisation of the Petroleum Exporting Countries (OPEC), coupled with a strong global demand for crude causing a hike in petrol and diesel prices in India. (With inputs from news agencies)

Petrol, diesel prices hiked for sixth consecutive day

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