OIL & GAS

Petrol, diesel price unchanged for sixth consecutive day

Fuel prices in the country remained unchanged on Wednesday as oil marketing companies (OMCs) 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 paise and 14 paise per litre respectively last week 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 Wednesday 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 oil marketing companies (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 the past 24 days. It again reduced the price on March 30.

Source
ET Energy World
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