Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices before effecting a revision.
Accordingly, pump price of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi.
The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively on Thursday after a 15 day break when OMCs kept its prices static.
Across the country as well the petrol and diesel price remained unchanged on Saturday but its retail levels varied depending on the level of local levies on respective states.
Premium petrol, however, continues to remain over Rs 100 a litre in Mumbai and several other 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 for past 15 days before falling again on April 15.
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.
With global crude rising again and crossing $ 67 a barrel mark, OMCs may have revise fuel prices upwards again. OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate.
--IANS
sn/sdr/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU