On Sunday, oil marketing companies have spared consumers of yet another petrol and diesel price hike even though the global oil market is on the boil with crude reaching within touching distance of year-high-level of $70 a barrel.
Petrol and diesel prices in Delhi stayed at Rs 91.17 and Rs 81.47 per litre, respectively, according to a price notification from OMCs. Fuel prices in Mumbai too remained constant with petrol and diesel being sold at Rs 97.57 and Rs 88.60 per litre, respectively.
In Chennai and Kolkata, petrol is selling at Rs 93.11 and Rs 91.35 per litre, and diesel at Rs 86.45 and Rs 84.35 per litre, respectively.
In Pune, petrol and diesel remained at Rs 97.21 per litre and Rs 86.90 per litre respectively.
This is the eighth consecutive day when pump prices of auto fuels have remains unchanged. After a spike in global oil prices seen over the last two weeks with the crude price jumping close to $67 a barrel, prices had fallen to around $63 a barrel but it rose again to cross the $69 a barrel mark now after the OPEC+ decision to continue with crude production cut in April.
Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, prices have gone up by Rs 4.22 per litre for petrol while diesel rate has risen by Rs 4.34 a litre in Delhi.
The increase in the previous weeks has taken petrol to cross historic high levels of Rs 100 a litre in several cities across the country. The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre, respectively so far this year.
(With inputs from Agencies)