Consumers may see marginal fall in petrol, diesel prices next week
Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel in the coming week and provide relief to them ahead of Diwali.
Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of the Covid-19 pandemic sweeping through several countries in the West, crude prices have fallen in recent days and could fall further. If the trend holds, there could be positive gains for auto fuel consumers in India by way of a fall in the retail prices of petrol and diesel.
The country’s largest oil retailer IndianOil has said that retail product prices have remained static for about a month now as crude price fall in October was marginal at around $ 1 a barrel.
