INR made the historically low level of 71 on Friday against US $ amid rising Crude Oil prices. This led to the recent rise in petrol and diesel prices. Oil Marketing companies raised the petrol price once again across the four major metros of the country on Saturday. The Per Litre petrol is selling at, Rs 78.68 in Delhi, Rs 86.06 in Mumbai, Rs 81.06 in Kolkata and Rs 81.77 in Chennai. Notable this is the seventh hike in petrol rates by Oil Marketing companies.
The Agency for Natural resource and Energy in Tokyo released data of Crude Oil import by Japan from United Arab Emirates, Saudi Arabia, Kuwait, Iran, and Russia. The total crude oil import in July month amounted to Rs 90.554 million as said by the agency. Arab Oil accounted for 82.5% of Japan's petroleum need.
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the Sensex was higher by 97.39 points or 0.28% at 34474.38, while the Nifty was up 31.50 points or 0.31% at 10348.00.
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