Here are your official petrol prices for June

Petrol prices are set to drop around the country

In the last eight days, petrol prices have been lowered by 71 paise per litre in Delhi, 70 paise in Mumbai, 69 paise in Kolkata and 75 paise per litre in Chennai, data from International Olympic Committee website showed.

The reduction in petrol and diesel prices by a meagre 11 and 8 paise per liter comes as a rude shock to many who have been expecting a respite. Recent cut in fuel rates in India have come in the backdrop of continuous fall in worldwide oil prices over the week.

State-owned oil companies in June 2017, dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost.

Brent crude fell $1.10 a barrel to $75.69 on Monday afternoon.

Since April, growing concerns about risks to global crude oil supplies have caused worldwide oil prices, and local retail petrol prices, to jump dramatically, peaking in May.

Oil nudges at one-month lows as supply concerns mount
In order to deal with this situation, OPEC members will be meeting on June 22 to determine the crude oil output. Industry group American Petroleum Institute (API) is scheduled to release its data for last week at 4:30 p.m.

Mayweather tops Forbes’ 100 highest-paid athletes list
For the second year in a row, Los Angeles Dodgers ace Clayton Kershaw is baseball's highest paid player, earning $34.5 million. United States boxer Floyd Mayweather has regained his title in the Forbes rankings of the world's top 100 earning athletes.

Kenya: Former champions in decisive spot in NBA Finals | The Standard - Kenya
The Cavaliers were one Durant three-pointer in the final minute away from possibly making the series in 2017 2-1. His superb play in last season's NBA Finals called for many to dub him the NBA's best player .

This has been compounded by recent concerns about risks to worldwide crude oil supplies including: a potentially spreading conflict in the Middle East; renewed United States sanctions against Iran; and falling crude oil output due to the political and economic crisis in Venezuela.

During the period, petrol price was increased by Rs 3.8 while diesel price climbed Rs 3.38.

The Organisation of the Petroleum Exporting Countries comprises 14 member nations including Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar and the UAE. If crude prices go up as predicted then it would hit India really hard.

Petrol price in New Delhi on Wednesday stood at Rs 77.723 per litre.

Sudden hike in petrol and diesel prices was a result of uptick recorded in worldwide crude oil that had gone up due to multiple global factors- fear of new USA sanction on Iran and short supply.

Related news:

Hot News

isis-killer-beheading-video-story-top Kate Spade reportedly found dead
Jun 06, 2018 - 11:51
They asked for privacy during "this very hard time". "It wasn't a fashion-y name", she told the Globe several years later . Law enforcement sources told the site she had hanged herself. "Holding Kate's family, friends and loved ones in my heart".

isis-killer-beheading-video-story-top IHOP tweet hints at changing name to 'IHOb' starting June 11
Jun 06, 2018 - 11:42
In 1973, the company shortened their name to IHOP and 45 years later, another name change could be on the way. In a matter of hours, fans immediately started sharing their guesses at what the "b" could stand for.

isis-killer-beheading-video-story-top Arsenal signs Lichtsteiner on free from Juve
Jun 06, 2018 - 11:41
At Juventus you won seven successive Serie A titles. "A story full of unforgettable moments that I will keep in my heart forever". Lichtsteiner, 34, provides the Gunners defence with vast experience after featuring 257 times for the Italian giants.

isis-killer-beheading-video-story-top Bill Clinton says 'Today Show' interview wasn't his 'finest hour'
Jun 06, 2018 - 11:09
Later in the day, Clinton clarified saying he "got hot under the collar". "People need to know I apologized". When asked whether he has apologized to Lewinsky , Clinton said no.

isis-killer-beheading-video-story-top Saudi crown prince to attend FIFA World Cup opening ceremony in Moscow
Jun 06, 2018 - 10:37
The coach of Saudi Arabia Juan Antonio Pizzi has announced the final squad for the world Cup . This was Yunus' first goal for Turkey in his 18th global match.

isis-killer-beheading-video-story-top Marouane Fellaini pursuit off amid concerns
Jun 06, 2018 - 09:47
The midfielder's representatives look set to meet with Arsenal officials this week. RMC says they are being put off moving for Fellaini because of his wage demands.

isis-killer-beheading-video-story-top Apple announces slew of controls to help with smartphone addiction
Jun 06, 2018 - 09:44
Similarly, if you order coffee every morning from an app on your iPhone, Siri will suggest ordering one every morning for you. Even crazier, Apple has stated that up to 32 different people can take part in a group video chat at the same time.

isis-killer-beheading-video-story-top MacOS Mojave brings dark mode, an organized desktop and new Mac Apps
Jun 06, 2018 - 09:43
Unlike a folder, files in Stacks are directly accessible and you can scrub through them. Even Screenshots have been improved in Mojave with the introduction of a video capture.

isis-killer-beheading-video-story-top Gasquet vows to end losing streak against Nadal
Jun 06, 2018 - 09:25
The 64th-ranked Mischa lost in the third round to 2017 US Open runner-up Kevin Anderson 6-1, 6-7 (3), 6-3, 7-6 (4) on Saturday. He beat Pierre-Hugues Herbert, 7-6 (1), 6-4, 7-6 (4), ending fading French hopes as the evening sun dimmed on Court No. 18.

isis-killer-beheading-video-story-top Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow
Jun 06, 2018 - 09:20
On Friday, Trump said he might prefer to end NAFTA in favor of separate bilateral agreements with the two USA neighbors. The comments come after Mexico issued retaliatory tariffs Tuesday morning, on USA steel and agricultural products.

isis-killer-beheading-video-story-top Toure Will To Take £1 Per Week To Spite Guardiola
Jun 06, 2018 - 09:19
And furthermore, I am ready to bet that he never wins it at Manchester City . It will be like an African curse on Guardiola.

isis-killer-beheading-video-story-top Putin praises 'brave' Trump over planned meeting with North Korea's Kim
Jun 06, 2018 - 09:18
Isn't it ridiculous?' Putin asked. 'So what? I know many people in St Petersburg and Moscow . Putin told ORF that the Russian government has no connection to Prigozhin's activities.

isis-killer-beheading-video-story-top Barca Chase Argentina Star After Messi Praise
Jun 06, 2018 - 09:13
Argentina's next match will now be in Russian Federation as they open their World Cup campaign against Iceland on June 16 (2pm). The cancellation means Argentina will head into the World Cup with hardly any pre-tournament match preparation.

isis-killer-beheading-video-story-top Elon Musk remains chairman of Tesla's board of directors
Jun 06, 2018 - 09:08
Musk's timeline for the company's upcoming cars seems aggressive given the production issues it has experienced with the Model 3. Tesla's gigafactory in the USA state of Nevada makes batteries for the company's cars, which are built in northern California.

Arsenal turn down Marouane Fellaini free transfer opportunity
Jun 05, 2018 - 07:55
The player's contract at Old Trafford is set to expire on 1 July, and that means he's free to discuss terms on a move elsewhere. Arsenal are on a tight budget this summer after spending big on Alexandre Lacazette and Pierre-Emerick Aubameyang last season.