No fuel price hike on Friday

Across the country as well the fuel prices remained unchanged on Friday but the rates varied depending on the level of local taxes in states.
For representational purposes (Photo | EPS)
For representational purposes (Photo | EPS)

NEW DELHI: Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions.

Accordingly, petrol continues to be priced at Rs 101.54 a litre and diesel 89.87 a litre in the national capital.

On Thursday, oil companies raised the price of petrol and diesel by 35 paise and 15 paise per litre respectively in the National capital taking the fuel rates to new highs.

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Consumers can now only expect that any further raise in fuel price is checked as OMCs start cutting the retail price of petrol and diesel over the next few days to provide relief. This may be possible with global crude prices falling to just over $73 a barrel now from a high of over $77 a barrel just 10 days back.

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The New Indian Express
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