Petrol, diesel prices unchanged for fifth day in a row


New Delhi, Jul 4 (IANS): Fuel prices remained unchanged on Saturday making it the fifth consecutive day when pump prices of petrol and diesel have remained static.

Fuel prices have gone for a longer pause after rising on 22 of the past 28 days. The oil marketing companies (OMC) began their daily price revision system from June 7 that kept the petrol and diesel prices to rise continuously by an average 50-60 paise per day.

In the national capital, petrol price on Saturday stood at Rs 80.43 per litre and diesel at Rs 80.53 a litre, same level as the last four days when OMCs went for a pause and kept the prices unchanged.

Sources in public sector oil companies said consumers could get relief from the regular price rise of the two petroleum products in coming days as the pause for four days now could be replicated if global oil prices remained soft.

Also, the oil companies have covered most of the shortfall when for 82 continuous days (from March 14 to June 6) petrol and diesel prices remained unchanged while the government substantially raised taxes on the products.

But with global oil prices now again rising over $42 a barrel, there could be an instance that petrol and diesel prices may begin their daily rise again. But for this to happen, the current level of crude price has to rise further.

  

Top Stories

Comment on this article

  • SKK, Mangaluru

    Sat, Jul 4 2020

    Andhbhakts made fun when Congess protested against fuel price rise. Now the result of the protest is for everybody to see. Government is forced to press the pause button.

    Opposition need to wake up the government from time to time. Otherwise these vyaparis will go on looting the people of this country.

    DisAgree Agree [2] Reply Report Abuse

  • smr, Karkala

    Sat, Jul 4 2020

    We appreciate Congress party for the 'fuel price' protest which has given temporary halt to the daily price revision.Unlike BJP, the problem with Congress party it doesn't take the protest aggressively to the masses.

    This price rise by the ruling BJP using undue advantage of China-India border tension is affecting the normal peoples cost of living. It also directly affects essential commodities.

    We the nation wanted end to this crony capitalist manipulating the prices of fuel prices on daily basis. The nation demand the fuel prices to be brought under one taxation of 'GST'.


    Jai Hind

    DisAgree Agree [8] Reply Report Abuse

  • El En Tea, Mangalore

    Sat, Jul 4 2020

    Thanks to Rahul Gandhji and congress party workers for the timely protest.

    DisAgree [1] Agree [12] Reply Report Abuse


LEAVE A COMMENT

Title : Petrol, diesel prices unchanged for fifth day in a row


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image