Diwali Keeps Oil Companies From Revising Petrol, Diesel Retail Prices

Oil marketing companies did not effect any revision in retail price of petrol and diesel across the the country on Saturday giving respite to consumers during Diwali festivities as rising global crude prices in last week had started talk of a possible price rise of auto fuel.

So, petrol prices in the national capital continues to remain at Rs 81.06 per litre. In Mumbai, Chennai and Kolkata, the fuel was sold for Rs 87.74, Rs 84.14 and Rs 82.59 per litre, respectively.

Diesel prices in Delhi, Mumbai, Chennai and Kolkata were at Rs 70.46, Rs 76.86, Rs 75.95 and Rs 73.99, respectively.

With no revision on Saturday, petrol prices have now remained at the same level for 53 days now while diesel prices have been at the same level for 43 days.

The good news for consumers is that global prices has fallen back to $ 42 a barrel from a level of over $ 45 a barrel reached early this week. This would mean that price of products may also remain steady preventing any retail price revision of petroleum products.--IANS

sn/sdr/

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor