Petrol, diesel prices unchanged for third day in a row

Oil marketing companies (OMCs) on Tuesday kept retail prices of petrol and diesel unchanged for the third consecutive day.

Petrol and diesel prices in Delhi stayed at Rs 91.17 and Rs 81.47 per litre, respectively, according to a price notification from OMCs. Fuel prices in Mumbai too remained constant with petrol and diesel being sold at Rs 97.57 and Rs 88.60 per litre, respectively.

In Chennai and Kolkata, petrol is selling at Rs 93.11 and Rs 91.35 per litre, and diesel at Rs 86.45 and Rs 84.35 per litre, respectively.

Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since, prices have gone up by Rs 4.22 per litre for petrol, while diesel rate has risen by Rs 4.34 a litre in Delhi.

The increase in the previous weeks has taken petrol price to historically high levels of over Rs 100 a litre in several cities across the country.

In all other metros, petrol is over Rs 90 a litre, while diesel is well over Rs 80 a litre. Premium petrol had crossed Rs 100 per litre in several cities of Rajasthan, Madhya Pradesh, and Maharashtra a few days back.

Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude price stabilises.

Petrol and diesel prices have increased 26 times in 2021, rising by Rs 7.46 and Rs 7.60 per litre respectively so far this year.

(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

www.freepressjournal.in