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

FPJ Web DeskUpdated: Sunday, July 18, 2021, 09:35 AM IST
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Photo by Bhushan Koyande

The oil marketing companies kept the retail prices of petrol and diesel unchanged on Sunday, after touching new highs on the previous day.

Accordingly, the price of petrol continues to remain at Saturday's level of Rs 101.84 a litre and diesel Rs 89.87 per litre in Delhi.

In Mumbai, the price of petrol was held unchanged at an all-time high of Rs 107.83 per litre. Diesel price also continues to be at Rs 97.45 a litre, 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.

On Saturday, oil marketing companies hiked petrol price by 30 paise per litre and kept diesel rates unchanged offering some relief to the transport sector.

With Saturday's price hike, fuel prices have now increased on 41 days and remained unchanged on 37 days since May 1. The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi. Similarly, diesel has increased by Rs 9.14 per litre in the national capital.

Consumers can now expect that any further rise in fuel prices is checked only after OMCs start cutting the retail price of petrol and diesel over the next few days to provide relief. With crude staying low at $73 a barrel, lower fuel prices are a possibility.

(With inputs from Agencies)

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