There will be a reduction in the Retail Selling Price (RSP) of petrol and diesel at Kavaratti and Minicoy by around Rs 5.2 per litre. In Andrott and Kalpeni it will be reduced by around Rs 15.3 per litre, the release said.
Oil prices rose in early Asian trade after Saudi Arabia suggested OPEC countries could consider cutting output, though bearish economic signals from central bankers and falling equities weighed. What triggered the rise? Karunya Rao answers the question with Nitin Sharma of Moneycontrol Pro.
The OPEC+ meeting on June 2 will be watched out for. Manisha Gupta brings you the details.