No change in petrol and diesel prices for 16th consecutive day

Oil marketing companies kept the retail price of petrol and diesel static on Wednesday maintaining the wait and watch stance amidst a firm global oil market.

Accordingly, the pump price of petrol remained at Rs Rs 83.71 a litre and diesel Rs 73.87 a litre in Delhi on Wednesday. Across the country as well, the price of the two petroleum products remained unchanged.

OMCs have gone on a pause mode at a time when news of successful coronavirus vaccine and expectations of big pick up in demand had kept crude on the boil with prices breaching $50 a barrel mark.

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