Gasoline and diesel prices unchanged for 6th consecutive day, Auto News, ET Auto
Fuel prices in the country remained unchanged on Wednesday as oil marketing companies decided to go on hiatus and analyze global developments in oil prices before making a revision.
As a result, the pump price of gasoline and diesel remained at Rs 90.40 per liter and Rs 80.73 per liter respectively in Delhi.
The price of the two auto fuels had fallen 16 paise and 14 paise a liter respectively last week Thursday after a 15-day hiatus when the WTO kept its prices static.
Nationwide, too, the price of gasoline and diesel remained unchanged on Wednesday, but its retail levels varied depending on the level of local levies in the respective states.
Premium gasoline, however, continues to exceed Rs 100 per liter in Mumbai and several other cities across the country.
The WTO has made price cuts for the first time this year on two consecutive days – on March 24 and 25 after keeping oil prices stable for the past 24 days. He lowered the price again on March 30. Subsequently, fuel prices remained unchanged for the last 15 days before falling again on April 15.
Previously, gasoline and diesel prices increased 26-fold in 2021, with the two car fuels increasing by Rs 7.46 and Rs 7.60 per liter respectively so far this year.
With a world crude price around $ 66 a barrel, the WTO may have to revise fuel prices upwards again if there is further firming. The WTO compares retail fuel prices to a 15-day moving average of world refined product prices and the dollar exchange rate.