Fuel prices hiked after a day’s pause; Petrol, diesel above Rs 80 in Delhi

Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country

Chinese companies take record 50% of global equity raising in first half of 2020

China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week

Before the country entered the lockdown, average price of petrol and diesel in Delhi was Rs 69.60/ litre and Rs 62.30/ litre respectively

Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02

The prospect of increased US crude production also kept a lid on gains on Friday

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price hiked on 18 occasions and now totals to Rs 8.66 a litre

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves

Global oil consumption has started to recover as economies emerge from lockdown

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or value added tax