New Delhi: Petrol prices were unchanged for the second day in four metro cities applicable from 6:00 a.m. on 26th July 2018.
On Tuesday, petrol prices reduced by 7 paise and diesel prices by 10 paise in Delhi. Petrol prices were cut in Kolkata, Mumbai and Chennai by 5,7 and 7 paise respectively while diesel prices were reduced by 8, 10 and 11 paise in these cities.
Last month, members of the Organisation of the Petroleum Exporting Countries (OPEC), agreed to jointly increase oil production, which was estimated to be about one million barrels a day. The deal, which came after a week of tense negotiation, was reportedly aimed at easing fears of a global supply crunch.
Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. Brent crude futures had risen 47 cents, or 0.6 percent, to $74.40 a barrel by 0247 GMT, after gaining 0.7 percent on Wednesday. U.S. West Texas Intermediate crude futures were up 5 cents at $69.35 a barrel, after climbing more than 1 percent in the previous session, according to a report by news agency Reuters.
Prices of non-branded petrol in metro-cities
| Cities | (Rs/litre) |
| New Delhi | 76.23 |
| Kolkata | 79.10 |
| Mumbai | 83.68 |
| Chennai | 79.18 |
Prices of non-branded diesel in metro-cities
| Cities | (Rs/litre) |
| New Delhi | 67.79 |
| Kolkata | 70.48 |
| Mumbai | 71.97 |
| Chennai | 71.59 |
(Source: Indian Oil) Prices may vary from outlet to outlet within a city
