Fuel prices stay static, petrol ends month without revision


New Delhi, Oct 22 (IANS): Petrol completed a month without revision in its retail prices as oil marketing companies (OMC) decided against changing its pump price on Thursday as international product market remained subdued while crude prices remained static.

Along with petrol, oil companies also kept the diesel prices unchanged even though the product has got back on demand cycle this month.

With this, Petrol prices have now been unchanged for 30 days at a stretch while diesel prices were the same for the 20 consecutive days.

Price of petrol in the national capital stood at Rs 81.06 per litre. In Mumbai, Chennai and Kolkata, the fuel was sold for Rs 87.74, Rs 84.14 and Rs 82.59 per litre, respectively.

Diesel prices in Delhi, Mumbai, Chennai and Kolkata continues to be at at Rs 70.46, Rs 76.86, Rs 75.95 and Rs 73.99, respectively.

Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several western countries, crude price could fall in coming days. If this holds on for a week or so, there could be positive gains for auto fuel consumers.

Global crude prices are holding close to $42 a barrel now. It has been hovering between $40-42 a barrel for over a month now. But with lower oil demand and rising inventory, there is fear among oil producing companies that crude prices may start falling again.

 

  

Top Stories


Leave a Comment

Title: Fuel prices stay static, petrol ends month without revision



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.