OIL & GAS

Petrol, diesel prices remain unchanged on Saturday. Check rate in key cities

Petrol, diesel prices remained unchanged on Saturday. Indian Oil announced on Friday that oil marketing companies (OMCs) have made no change in the basic selling price of petrol and diesel. It is worth noting that fuel prices witnessed an increase on Thursday due to hike in value-added tax (VAT) in states like Maharashtra, West Bengal, Karnataka, and Rajasthan.

OMCs keep selling price unchaged:

“Considering the current crisis brought on by the COVID-19 pandemic, the OMCs have kept the prices of petrol and diesel unchanged with effect from April 1, 2020, which were otherwise also being maintained steady,” said IOC spokesperson in a press release on Friday.

However, the increase in the retail selling prices (RSPs) of petrol and diesel in some states like Maharashtra, Karnataka, West Bengal, etc., with effect from April 1 “is purely on account of the increase in VAT rates by the respective State Governments on both the products from that date,” the release further stated.

Petrol, diesel rates in top cities

In Delhi, a litre of petrol today was retailing at Rs 69.59 while diesel costs Rs 62.29 per litre, no change from Friday’s rate. Note that prices in Delhi remained unchanged for the 19th successive day. In Mumbai, a litre of petrol was retailing at Rs 76.31, while diesel was selling at Rs 66.21 per litre. Similarly, in Kolkata, petrol and diesel today are selling at Rs 73.30 and Rs 65.62 per litre respectively.

In Chennai, petrol and diesel are selling for Rs 72.28 a litre and Rs 65.71 per litre respectively, no change from Friday’s rates. In Noida, too, petrol, diesel prices remained stagnant at Rs 72.03 a litre and Rs 62.96 per litre, respectively.

Source
Times now
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