Oil marketing companies (OMC) have reduced pump prices of petrol and diesel after a record 22 months, both of which will be cheaper by Rs 2 in the national capital beginning Friday, the government announced on Thursday.
Taking Delhi as an example, petrol and diesel prices last saw a revision back on April 6, 2022, when prices of both were raised by 80 paise a litre. Since then, pump prices haven’t changed despite major volatility in global oil prices as a result of the war in Ukraine, strife in the Middle East, and piracy in the Red Sea and the Indian Ocean.
