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Published on 12/04/2021 11:53:38 AM | Source: IANS

Petrol, diesel prices unchanged for 13th consecutive day

Posted in Commodities| #Commodity #Fuel #petrol #Diesel

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Fuel prices in the country remained unchanged on Monday with oil marketing companies continuing the pause mode and keeping petrol and diesel prices static for the 13th consecutive day.

Accordingly, pump price of petrol and diesel remained at previous days level of Rs 90.56 and Rs 80.87 a litre respectively in the national capital.

Petrol and diesel fell by 22 paise and 23 paise per litre respectively on March 30 in wake global softening of oil prices. OMC have decided to pause price revision since the as they want to watch the crude price movement that has now fallen to around $62.5 a barrel from remaining above this level in much of the previous weeks.

Across the country as well, the petrol and diesel price remained static on Monday but its retail levels varied depending on the level of local levies on respective states.

In Mumbai petrol continues to be priced at Rs 96.98 a litre and diesel at Rs 87.96 a litre. Premium petrol, however, continues to remain over Rs 100 a litre in the city as is the case with several cities across the country.

The OMCs went on price cut for the first time this year on two consecutive days - March 24 and 25 after keeping oil prices steady for past 24 days. It again reduced the price on March 30. Thereafter, fuel prices have remained unchanged.

Earlier, petrol and diesel prices increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year.

Officials in public sector oil companies said that retail price may rise again if crude and product prices pick up but for now it will fall or remain static for few more days.

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