Petrol, diesel prices remain unchanged for eighteenth consecutive day
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Petrol and diesel prices remained unchanged for the eighteenth consecutive day on Wednesday, after touching new record highs on February 27.

Petrol and diesel prices in Delhi remained at Rs 91.17 and Rs 81.47 per litre, respectively. In Mumbai, petrol and diesel were sold at Rs 97.57 and Rs 88.60 per litre, respectively.

In Chennai, petrol is priced at Rs 93.11 per litre while the price of diesel is Rs 86.45 per litre. The price of petrol in Kolkata is Rs 91.35 per litre while diesel is sold at Rs 84.35 per litre.

In Pune, petrol and diesel remained at Rs 97.21 per litre and Rs 86.90 per litre respectively.

Across the country as well, the petrol and diesel price remain unchanged. However, the pause has not helped in bringing down fuel prices that have crossed Rs 100 per litre (petrol) mark in several parts of the country.

Petrol and diesel prices are revised daily in line with the benchmark international price and foreign exchange rates. They vary from state to state depending on the local taxes.

Since the beginning of February crude has gained more than $7 per barrel that pushed OMCs to increase fuel prices on 14 occasions raising the prices by Rs 4.22 per litre for petrol and by Rs 4.34 a litre for diesel in Delhi.

Crude oil futures fell 0.74 per cent to Rs 4,710 per barrel on Tuesday as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for March delivery eased by Rs 35, or 0.74 per cent, to Rs 4,710 per barrel with a business volume of 4,347 lots.

West Texas Intermediate crude oil was trading 0.73 per cent down at USD 64.91 per barrel, while Brent crude was quoting 0.75 per cent lower at USD 68.36 per barrel in New York.

(With inputs from Agencies)

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