Petrol, diesel prices remain unchanged for 4th consecutive day

Petrol, diesel prices remain unchanged for 4th consecutive day
ET Online
Share
Font Size
Save
Comment
Synopsis

Price of petrol and diesel remained at Rs 90.56 and Rs 80.87 a litre respectively in Delhi. In Mumbai, petrol continued to be priced at Rs 96.98 a litre and diesel at Rs 87.96 a litre.

Oil retailers had last cut fuel rates on Tuesday.
Petrol and diesel prices held steady all over the country for the fourth consecutive day on Saturday.

Price of petrol and diesel remained at Rs 90.56 and Rs 80.87 a litre respectively in Delhi. In Mumbai, petrol continued to be priced at Rs 96.98 a litre and diesel at Rs 87.96 a litre.

In Kolkata, rates for petrol and diesel stood at Rs 90.77 and Rs 83.75 respectively. Whereas in Chennai petrol retailed for Rs 92.58 and diesel for Rs 85.88, according to the Indian Oil Corporation.

Oil retailers had last cut fuel rates on Tuesday. Petrol and diesel fell by 22 paisa and 23 paisa per litre respectively on Tuesday in the wake global softening of oil prices.

OMCs cut prices for the first time this year on two consecutive days - March 24 and 25, after keeping prices steady for 24 days. They again reduced prices on March 30.

Petrol and diesel prices were last revised upwards on February 27.

Since the beginning of February, crude has gained more than $7 per barrel that pushed OMCs to increase fuel prices on 14 occasions raising the prices by Rs 4.22 per litre for petrol and by Rs 4.34 a litre for diesel in Delhi.

The petrol and diesel prices have 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.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

2 Comments on this Story

Ramesh Shah23 minutes ago
ITS NO COMMON SENSE SCENARIO..
OIL COMPANIES N THE GOVERNMENT AFTER PEOPLE MONEY AT ANY COST...THEY ENJOY PEOPLE SUFFERING...
Pramendra Kumar Khokher28 minutes ago
Whenever the prices are supposed to drop, they suffer paralysis.

ETPrime stories of the day

Read before you invest. Insights on Indian Oil Corporation Ltd.. Explore Now