Apr 1, 2017

BREAKING NEWS:-Petrol prices cut by Rs 3.77/litre, diesel by Rs 2.91/litre in Delhi on recent weakness in crude prices.

India’s oil marketing companies today cut petrol price by Rs 3.77/litre and diesel by Rs 2.91/litre following the fluctuations in crude prices which have been swinging between the push and pull from coordinated output cuts by major producers on one side, and rising US stockpiles on the other. The new prices will be effective from midnight tonight.

The three state-run oil marketing firms – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp review retail fuel prices periodically and usually revise them every fortnight to pass on the impact of global crude oil prices on their purchases.
OPEC (Organisation of Petroleum Exporting Companies) and other major oil producers of the world in November agreed to trim output to help balance the markets and provide a support to falling prices. OPEC, a group of 13 oil producing nations, decided on November 30 to cut global crude oil output by 1.2 million barrels per day. It was first such agreement between these producers since 2008.
Oil has mostly traded above $50 a barrel since OPEC and 11 other countries started trimming supply in January, recently falling to a three-month low as simultaneous revival in US shale drilling offset the OPEC cuts. The rise in prices was recorded after Saudi Arabia said 80% of the agreed cuts have been achieved since the deal became effective on January 1, before falling again in the most recent trading sessions, as the drilling in the US climbing to highest in a year countered OPEC’s efforts to limit the supply.

EDUCATIONAL NEWS UPDATES DATE 01-04-2017

Gujarat Educational News Updates on Date 01-04-2017 :Education News ,India news,World News on  01-04-2017  :  friends,Here are important Educational news of the   01-04-2017 .These All images are taken from Gujarat Various Popular News Papers, like   Nav Gujarat Samay,  Akila, Sandesh, Divya Bhaskar  As per these images you are Know Very Useful Educational News and Gujarat Current news.this news are very helpful to current news in Gujarat and also inform new daily news in Gujarat.we are easily upload in jpeg for our readers .we are daily upload educational news,Gujarat updates,sport news,india current news,technology news,cricket news in this post.Read Latest Educational News of date   01-04-2017  by www.kjparmar.in

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