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Little aside from the electoral news: a slight reduction in the price of oil, partial relief to the people!

new Delhi.  Due to the reduction in the prices of crude oil in the world market, the price of diesel and petrol has seen a decrease in Thursday due to the benefits of the common people, from the ongoing electoral climate in India.  Oil marketing companies have given huge relief to consumers by cutting prices on petrol and diesel on Thursday.

 Let us tell you that on Wednesday, after the report of decreasing crude oil reserves in the US on Wednesday, the oil prices got bullish and Brent crude's July contract climbed 0.62 per cent in the previous session to close at $ 70.31 a barrel.  However, on Thursday, Brent crude's July contract on ICE was trading at $ 69.83 a barrel with a weakness of 0.77 per cent over the previous session.

 In Delhi, petrol has been reduced to Rs 73 per liter for the first time since April 25 and diesel has also been cheaper by 10 paise per liter in the national capital.  Oil marketing companies have cut petrol prices by up to 16 paise in Delhi, Kolkata and Chennai and 15 paise per liter in Mumbai on Thursday.

 In Delhi, diesel has lost 10 paise, Kolkata 8 paise and 7 paise per liter in Mumbai and Chennai.  According to IndianOil website, petrol prices in Delhi, Kolkata, Mumbai and Chennai are Rs 72.84, Rs 74.88, Rs 78.44 and Rs 75.63 per liter, respectively.  At the same time, the prices of diesel in four metros have declined to Rs 66.56, Rs 68.32, Rs 69.74 and Rs 70.36 per liter respectively.

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