Oil at USD 84 again: Petrol, diesel price on hold for 68th day in a row

Petrol and diesel prices have remained unchanged for 68 days in a row despite a USD 16 swing in international oil prices and global rates again climbing to USD 84 per barrel, oil company data showed.

Petrol and diesel were last changed on November 4, 2021, when the central government cut excise duty to give relief from rates that had touched an all-time high.

This is the longest duration of no-change in prices since the daily price revision was introduced in June 2017, the data showed.

Prior to that, there was an 82-day hiatus in rate revision between March 17, 2020, and June 6, 2020.