Petrol, diesel prices remain unchanged a day after reaching new highs

A day after the hike, oil marketing companies (OMC) kept petrol and diesel prices unchanged on Tuesday across the four metro cities.

Accordingly, in the national capital, petrol price remains at Rs 96.41 per litre while diesel at Rs 87.28 per litre.

In Mumbai, the price of petrol was held unchanged at an all-time high of Rs 102.58 per litre. Diesel price also continues to be at Rs 94.70 a litre, the highest among metros.

In Chennai, petrol is priced at Rs 97.69 per litre while the price of diesel is Rs 91.92 per litre. The price of petrol in Kolkata is Rs 96.34 per litre while diesel is sold at Rs 90.12 per litre.

Petrol price was hiked by 29 paise per litre and diesel by 30 paise on Monday. The hike on Monday was the 24th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal. In 24 increases, petrol price has risen by Rs 6.01 per litre and diesel by Rs 6.55 a litre.

Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.

International oil prices have firmed in recent weeks in anticipation of demand recovery following the rollout of vaccination programme by various countries.

(With inputs from Agencies)

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal