Petrol prices in Mumbai are inching closer to the Rs 90 per litre mark, as petrol is retailing 11 paise higher at Rs. The price of diesel, on the other hand, has been revised by 24 paise to retail at Rs 79.35. Though there is enough production, the unique features of marketing in the oil sector have pushed up the oil prices. He appealed to oil producing countries to channel their investible surplus to pursue commercial exploitation in oil sector in the developing countries. Thirdly, he sought the role of private participation in the distribution of gas sector.

Source: dna October 16, 2018 04:41 UTC