After keeping the fuel prices frozen for 25 days ahead of the upcoming crucial assembly elections, state-run fuel retailers, for the first time in over a year, reduced petrol price by 18 paise and diesel by 17 paise per litre on Wednesday, even as benchmark Brent crude plunged by about 13% from a peak of $69.63 per barrel on March 12, 2021.
Pump price of petrol in Delhi fell by 0.19% to ₹90.99 per litre and diesel by 0.2% to ₹81.3%. Fuel retailers align petrol and diesel rates daily with their respective international benchmark rates of previous day.
Despite a sharp fall in international oil rates, oil marketing companies (OMCs)
