The petrol and diesel prices remained unchanged across the country for the twentieth consecutive day on Friday.
Accordingly, in Delhi, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre on Friday.
In Mumbai, where petrol prices crossed Rs 100-mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel price in the city is also at Rs 97.45, the highest among the metros.
Petrol price in all metros has now crossed the Rs 100 per litre-mark. 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.
Petrol and diesel prices have been static since July 18. It last increased on July 17 with petrol being revised upwards by 30 paisa per litre, while diesel prices remained unchanged.
Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly rise to over $ 77 a barrel, only to fall soon below $70 a barrel and crossing $ 75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing COVID-19 cases, slowing industrial recovery globally and rising US oil inventory.
The price pause comes after fuel prices increased for 41 days in the current financial year. The 41 increases have taken up the petrol price by Rs 11.44 per litre in Delhi. Similarly, diesel rates have increased by Rs 9.14 per litre in the national capital.
Prices of both auto fuels reduced only once in April by 16 and 14 paise per litre respectively. Diesel price was also reduced by 16 paise per litre in Delhi on July 12.
Since April 2020, the petrol price has increased by Rs 32.25 per litre from Rs 69.59 a litre to Rs 101.84 a litre now in Delhi. Similarly, diesel price during the period has increased by Rs 27.58 per litre from Rs 62.29 to Rs 89.87 a litre in the national capital.
(With inputs from Agencies)
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