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BP and Reliance Industries bring in $6.2 billion war chest

Investment to step up natural gas production from KG basin block situated off the eastern coast

This news comes right before oil companies implement daily revision of petrol and diesel prices from tomorrow.
Petrol will cost Rs 66.91 per litre in Delhi and a litre of diesel will be priced at Rs 55.94 from June 1, 2017.
The reduction comes on back of a marginal 2 paise a litre increase in petrol and 52 paise per litre hike in diesel rates effected from May 1.
RIL Chairman Mukesh Ambani and BP Group Chief Executive Bob Dudley are speaking at a media interaction after meeting Prime Minister Narendra Modi on Friday.
Petrol pumps across Mumbai have planned to remain shut on Sundays and will work on single shifts between 9am to 6pm on weekdays starting from May 15
Petrol and diesel prices will be revised on a daily basis from today in select towns in sync with international rates, much like it happens in most advanced markets.