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Updated on: Friday, July 30, 2021, 08:49 AM IST

Fuel prices remain unchanged for 13th consecutive day; petrol hovers above Rs 102 in Chennai, Kolkata

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The oil marketing companies (OMC) on Friday kept petrol and diesel prices unchanged for the thirteenth consecutive day.

With no change in prices on Thursday, in Delhi, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.

In Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel price in the city is also at Rs 97.45, the highest among metros.

In Chennai, petrol is priced at Rs 102.49 per litre while the price of diesel is Rs 94.39 per litre. The price of petrol in Kolkata is Rs 102.08 per litre while diesel is sold at Rs 93.02 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.

Petrol and diesel prices have been static since July 18. It last increased on July 17 with petrol being revised upwards by 30 paisa per litre, while diesel prices remained unchanged.

One of the main reasons for pause in fuel price rise is an over 10 per cent fall seen in global oil prices with benchmark crude sliding to $69 a barrel from a high of over $77 barrel just couple of weeks back. It had again risen close to over $75 a barrel on strong demand projections.

With OPEC reaching an agreement to raise crude production, oil prices are expected to remain soft. This could make way for fuel prices in India to actually fall after a long interval.

The week-long price pause comes after fuel prices increased on 41 days and remained unchanged on 48 days since May 1. The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi. Similarly, diesel price has increased by Rs 9.14 per litre in the national capital.

(With inputs from Agencies)

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Published on: Friday, July 30, 2021, 08:49 AM IST
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