Sunday, November 29, 2020
News

Steady oil prices holds up any reversion in petrol diesel prices

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Saturday, 2020 5:45:05 PM IST
The pump prices of auto fuels petrol and diesel remained unchanged on Saturday as softer global crude and product prices prevented oil marketing companies from carrying out any revision in prices.

With this, Petrol prices have now been unchanged for 32 days at a stretch while diesel prices were the same for the 22 consecutive days.

Price of petrol in the national capital stood at Rs 81.06 per litre. In Mumbai, Chennai and Kolkata, the fuel was sold for Rs 87.74, Rs 84.14 and Rs 82.59 per litre, respectively.

Diesel prices in Delhi, Mumbai, Chennai and Kolkata continues to be at Rs 70.46, Rs 76.86, Rs 75.95 and Rs 73.99, respectively.

Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several western countries, crude price could fall in coming days. If this holds on for a week or so, there could be positive gains for auto fuel consumers in India by way of a fall in retail price of petrol and diesel.

Global crude prices are holding close to $42 a barrel now. It has been hovering between $40-42 a barrel for over a month now. But with lower oil demand and rising inventory, there is fear among oil producing companies that crude prices may start falling again.

--IANS sn/rs

( 238 Words)

2020-10-24-11:54:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Glenmark to divest select Anti-Allergy b...
Innovative Growth: Savlon enters PPE seg...
ECL official dies during CBI raid in coa...
NCPEDP pushes for hike in Union Budget a...
Pradhan invites investors to join India'...
25K defaulting taxpayers to be persuaded...
More...
 
INDIA WORLD ASIA
Farmers continue protest against Central...
Tikri border closed for traffic movement...
First case under 'love jihad' law in UP'...
Give in writing that Bangladeshis, Rohin...
Delhi man arrested for home loan frauds ...
Centre should withdraw 'anti-farmer laws...
More...    
 
 Top Stories
30 Afghan policemen killed in suici... 
2nd ODI: Smith fires yet again as A... 
Brazil's coronavirus death toll top... 
2nd ODI: India forced to press in s... 
Nigerian Prez condemns attack in no... 
Volcano in Indonesia erupts... 
PM Modi to interact with three team... 
Farm laws revolutionary but should ...