Oil marketing companies held back the increase in the prices of petrol and diesel, much to the relief of consumers who have faced consistent increase in auto fuel prices in the past week
Oil marketing companies (OMCs) on Saturday raised the retail price of petrol and diesel for the second consecutive day after a break of almost two months
Global crude prices have remained around $40 a barrel
State-owned Indian Oil Corp (IOC) on Friday said international oil prices have been range-bound in the last few weeks, warranting no revision in retail petrol and diesel rates.
An internal examination to look at duty structure on the two products is on and exact timing of the announcement may be finalised soon, sources indicated
Diesel purchases went up for first time this financial year in October 1-15 period. Consumption of diesel was up 8.8%, of petrol by 1.5% YoY
Diesel and petrol prices remained unchanged on Tuesday with oil marketing extending the pause after reducing fuel prices, particularly diesel, for the past several days
Petroleum product sales fell to 14.39 million tonnes in August, down 7.5 per cent over the previous month and about 16 per cent from a year earlier
In Delhi, petrol was priced at Rs 82.03, higher by 9 paise from Rs 81.94 on Saturday
In Kolkata, petrol was sold for Rs 83.01, higher by 14 paise from its previous level of Rs 82.87 per litre
Petrol and diesel prices remained unchanged across metro cities on Sunday.
The decision was taken at the cabinet meeting chaired by chief minister Arvind Kejriwal.
Prices of petrol have remained static at Rs 80.43 per litre for almost four weeks. Petrol rates were last changed on June 29.
Diesel was priced at Rs 81.64 per litre on Monday in Delhi, higher than the previous level of Rs 81.52 a litre
India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil
Car manufacturers are rejigging their product portfolios as diesel and petrol prices near parity
Simultaneously, non-subsidised cooking gas LPG rates were increased by Re 1 to Rs 594 per 14.2-kg cylinder in the national capital
But usage is key here since diesel vehicles provide better mileage
Congress party members did not follow the Covid-19 social distancing norms and guidelines during nationwide protests against hike in petrol and diesel prices, a plea alleged
Pradhan, however, said Congress-ruled states were equally responsible for an overall rise in oil prices