Petrol, diesel prices steady as global oil softens
Oil marketing companies (OMCs) on Monday continued on the pause mode and decided against revising petrol and diesel prices after cutting its retail rates last week on Tuesday.
Accordingly, pump prices of petrol and diesel remained at previous days level of Rs 90.56 and Rs 80.87 a litre respectively in the national capital. This is the sixth consecutive day when fuel prices have remained unchanged.
Petrol and diesel fell by 22 paise and 23 paise per litre respectively last week on Tuesday in the wake global softening of oil prices. OMCs have decided to pause price revision as they want to watch the crude price movement that has now fallen to around $64 a barrel from remaining above this level in much of the last week.
