Petrol and diesel prices across major cities of the country remained unchanged on Wednesday.
On Tuesday, fuel prices were cut for the third time within a week on the back of softening international oil prices. Petrol price was cut by 22 paise per litre and diesel by 23 paise per litre, according to a price notification of state-owned fuel retailers.
Accordingly, petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87. In Mumbai, petrol and diesel were sold at Rs 96.98 and Rs 87.96 per litre, respectively.
In Chennai, petrol is priced at Rs 92.58 per litre while the price of diesel is Rs 85.88 per litre. The price of petrol in Kolkata is Rs 90.77 per litre while diesel is sold at Rs 83.75 per litre.
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Fuel prices were reduced for the first time in six months on March 24, and thereafter on March 25 as well after international oil prices fell on the prospect of speedy recovery in consumption getting clouded by the second wave of COVID-19 cases.
They had remained on freeze thereafter as global rates edged up after one of the world's most vital waterways clogged. The reopening of the Suez Canal cooled rates again.
In three reductions, petrol price has come down by 61 paise per litre and diesel by 60 paise.
Despite bouts of rate freeze, prices had gone up by a record Rs 21.58 per litre on petrol since the government raised excise duty in March last year. Diesel prices had increased by Rs 19.18 a litre.
(With inputs from Agencies)
