Petrol price remains unchanged, diesel hiked by 16-18 paise

09:37 AM Jul 12, 2020 | FPJ Web Desk
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Petrol price remained unchanged on Sunday, but diesel rates were hiked by 16-18 paise.

In Delhi, petrol remained unchanged today at Rs 80.43 per litre while diesel price went up 16 paise to Rs 80.94 per litre. In Mumbai, the price of petrol is Rs 87.19 a litre and that of diesel Rs 79.17 per litre. In Kolkata, while petrol price remained unchanged at Rs 82.10 per litre, diesel was retailing at Rs 76.05 per litre. In Chennai, petrol price remained unchanged at Rs 83.63 a litre, while diesel was retailing at Rs 78.01 per litre.

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Before Tuesday, fuel prices remained unchanged for seven consecutive days. Prices of the transportation fuel have had a pause after rising to record levels in 23 of the past 33 days after the oil marketing companies resumed the daily price revision system from June 7. It made the petrol and diesel prices to rise incessantly till June 29. During the daily hikes till June 29, diesel prices in Delhi recorded a new level by overtaking petrol prices, making the common man feel the heat.

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The two petroleum products have remained static in line with global movement of crude prices remaining stable at $42 a barrel. But with crude rising to over $43 a barrel on Saturday, there could be some hike in pump prices next week.

Prices of the transportation fuel have had a pause after rising to record levels in 23 days of the past month after the oil marketing companies (OMC) resumed the daily price revision system from June 7 that kept the petrol and diesel prices rising incessantly till June 29.

(Inputs from Agencies)

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