In Mumbai, petrol now costs Rs 90.08 per litre and diesel at Rs 78. It had imported 18.34 per litre.04 per litre.63 per litre and diesel comes for Rs 75.08 per litre at IOC outlets while it is priced at Rs 90.17 per litre at Hindustan Petroleum Corp (HPCL) outlets and Rs 90."We had a meeting last to last Saturday (September 15) to deliberate on a host of issues facing the industry and in that meeting, one of the options that was considered was to reduce imports by cutting down on inventory levels,” Singh said.1 million tonnes in the same period last year.72 per litre, it costs Rs 90.1 million tonnes of crude in the same period of 2017 for $6.67 per litre and comes for Rs 78.An important factor guiding the decision was also Asian Premium climbing to as high as $3-5 per barrel in last 3-4 months, he said.Asian Premium is extra charge being collected by oil-cartel Opec (Organization of the Petroleum Exporting Countries) members from Asian countries when selling oil in comparison to western countries.6 million tonnes of China crate mold Manufacturers crude oil in August for $9. They are looking at reducing these so that monthly imports of crude oil can be reduced, he said. During April-August, it has spent $48.India is the third largest importer of crude oil and rising international crude oil prices are inflating domestic transport fuel rates in a strong demand environment.66 per litre and that on diesel is Rs 2. Our commitment to meet domestic supplies remains supreme,” the IOC chairman said.Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. "This decision would in no way be allowed to impact supplies of petroleum products in the domestic market.

Petrol prices were hiked by 11 paise per litre and diesel by 5 paise, according to price notification of state-owned oil firms on Monday.58 per litre, at HPCL’s stations for Rs 78. Refiners maintain 7-8 days of inventory in tankages besides carrying stocks in pipelines as well as ships in transit.58 in Mumbai.8 billion.4 billion.According to oil companies, refinery gate price of petrol, without considering any central or state tax and dealer’s commission, is Rs 42.New Delhi: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) chairman Sanjiv Singh said on Monday.95 per litre.Retail rates are arrived at after adding excise duty, which is charged by the central government, commission paid to petrol pumps dealers and VAT, charged by the state governments.Since mid-August, the petrol price has risen by Rs 5. While petrol in Delhi costs Rs 82.Petrol on Monday crossed the Rs 90-mark in Mumbai as rates across the country touched a new high. The same for diesel is Rs 45.67 per litre at BPCL pumps.Singh said the high oil prices will in long term impact demand and so reducing imports makes sense.3 a litre – the most in any month since the daily price revision was introduced in mid-June last year.14 at Bharat Petroleum Corp (BPCL) stations.Diesel at IOC’s outlets in Mumbai costs Rs 78

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