Begin typing your search above and press return to search.
Arnabs chats cannot be ignored
access_time 2021-01-18T11:33:12+05:30
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
Another Trump impeachment
access_time 2021-01-15T11:16:29+05:30
Covid 19 spread
access_time 2021-01-14T15:40:30+05:30
DEEP READAll arrow_drop_down
Anti-Conversion Law: A law meant for abuse
access_time 2021-01-12T13:56:35+05:30
Syed Shahriyaar
access_time 2021-01-05T19:08:46+05:30
Reading A week in the life of Svitlana
access_time 2020-12-23T12:06:42+05:30
Hum Dekhenge- One year of Anti-CAA protests
access_time 2020-12-22T17:35:06+05:30
The French Fanatic and the Fanatic Fringe
access_time 2020-11-02T15:56:00+05:30
Homechevron_rightBusinesschevron_rightMore petrol diesel...

More petrol diesel cuts likely as crude dips to $80 a barrel

More petrol diesel cuts likely as crude dips to $80 a barrel

New Delhi: Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil Tuesday fell to its lowest in four years at $82 a barrel after Saudi Arabia cut sale prices to the US.

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC), which include Saudi Arabia, closed at $80.64 a barrel Monday compared to $81.97 last Friday, the OPEC Secretariat said.

It was reported that OPEC members Venezuela and Ecuador are working on a joint proposal to defend oil prices, but the United Arab Emirates oil minister said the country is "not panicking".

Announcing the diesel price deregulation last month, Finance Minister Arun Jaitley had said: "Price of diesel will be linked to the market, and therefore, depending on whatever is the cost involved, is the element that consumers will have to pay."

"Just like petrol prices, diesel cost will now be governed by market forces. The diesel prices were being increased by 50 paise or so over the last few months. The prices should come down as the global crude oil prices have dropped substantially in recent times," he had added.

Petrol and diesel prices were last cut Saturday by over Rs.2 per litre each.

Show Full Article
Next Story