USD 65.6046

-0.02

EUR 72.6243

-0.21

BRENT 59.13

+0.04

AI-92 42.31

+0.03

AI-95 46.07

+0.02

AI-98 51.76

+0.01

Diesel 46.02

+0.03

9

Shell, BP To Cut Oil Prices

Shell oil company has announced it is cutting its petrol prices in UK in order to bring it in line with rivals

Shell oil company has announced it is cutting its petrol prices in UK in order to bring it in line with rivals, as a forecourt price war continues to hot up.

Its British rival BP has also declared its intentions to cut prices, as Shell said its prices would fall between 4p and 2p a litre on Saturday.

A spokeswoman for Shell said they were determined to remain competitive.
Shell, which has about 900 filling stations across the country, said the fuel reduction would apply to both unleaded fuel and diesel.