Relief for consumers; no revision in petrol, diesel prices for full week

Oil marketing companies (OMC) continued to pause fuel price revision for seven consecutive days, the longest period in weeks, as the global development on oil production and rising US inventories softened crude and product rates.

However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any downward revision.

Already, crude has firmed a bit for last few days and this could prevent price cut by the OMCs.

With no change in prices on Saturday, in the national capital petrol continues to be sold for Rs 101.84 per litre, while diesel remains at the unchanged price of Rs 89.87 a litre.