City
Epaper

OMCs hold fuel prices, diesel price same for 9th day

By IANS | Updated: August 9, 2020 12:40 IST

New Delhi, Aug 9 Oil marketing companies (OMCs) continued to keep automobile fuel prices unchanged on Sunday, with ...

Open in App

New Delhi, Aug 9 Oil marketing companies (OMCs) continued to keep automobile fuel prices unchanged on Sunday, with diesel prices across the four metros remaining untouched for the ninth day in a row.

Petrol prices have not changed for over 40 days now in the country.

In the national capital, diesel was priced at Rs 73.56 per litre on Sunday.

Similarly, prices of the transport fuel remained unchanged in Mumbai, Chennai and Kolkata as well at Rs 80.11, Rs 78.86, and Rs 77.06 per litre respectively.

Petrol prices in Delhi, Mumbai, Chennai, and Kolkata were Rs 80.43, Rs 87.19, Rs 83.63 and Rs 82.05 per litre respectively, the same since June 29.

This relief from fuel price hike, however, may not continue for long, as prices may see an uptick in the coming week due to rise in crude oil prices. Futures of Brent crude is currently trading above $44 per barrel.

"We will observe the price movement for the next couple of days and if oil prices remain firm, a decision may be taken to revise retail product prices again under the daily price revision mechanism," said an executive of a public sector oil company on the condition of anonymity.

( With inputs from IANS )

Open in App

Related Stories

Other SportsISL 2025-26: Feuillassier strike completes Kerala Blasters’ comeback win over 10-man Bengaluru

NationalHomage paid to BSF Constable martyred in militant firing in Manipur

NationalBJP plans 500-plus rallies in first phase of Bengal polls; PM Modi to address 11​

Other SportsBusy year for us, important to stay injury-free: PV Sindhu

Other SportsDominant performance by top athletes at Delhi-leg of Indian Athletics Series

Business Realted Stories

BusinessIndia's marine product exports reach Rs 62,408 crore in 2024-25, exporters urged to work towards Rs 1 lakh crore target

BusinessDelhi BJP chief Virendra Sachdeva welcomes draft EV policy

BusinessIndia turns crisis into opportunity by augmenting strategic petroleum reserve capacities, diversifying imports

BusinessAIDA urges Centre to roll out ethanol-based cooking nationwide to cut reliance on imported LPG

BusinessGovt raises diesel duties, hikes ATF levy with immediate effect