New Delhi Petrol and diesel prices in India remained unchanged on Tuesday with oil marketing companies (OMCs) continuing on the silence mode and keeping petrol and diesel prices static for a two-weeks now. Consequently, pump prices of petrol and diesel remained at the previous day's level of Rs 90.56 and Rs 80.87 a litre respectively in New Delhi.
Notably, the two petroleum products may see revision again post conclusion of ongoing state elections. With crude remaining below $65 a barrel, any softening on global oil in wake of fresh wave of the pandemic and rising oil stocks in US could actually mean lower petrol and diesel prices for consumers in India.
Before the long-drawn pause, petrol and diesel fell by 22 paise and 23 paise per litre respectively on March 30. The OMCs have decided to pause price revision since then as they want to watch the crude price movement that has now fallen to around $63.5 a barrel.
Across the country as well the petrol and diesel prices remain static on Tuesday but its retail levels varied depending on the level of local levies on respective states.
In Mumbai, petrol continues to be priced at Rs 96.98 a litre and diesel at Rs 87.96 a litre. Premium petrol, however, continues to remain over Rs 100 a litre in the city as is the case with several cities across the country.
The OMCs went on price cut for the first time this year on two consecutive days - March 24 and 25 after keeping oil prices steady for past 24 days. It again reduced the price on March 30. Thereafter, fuel prices have remained unchanged.
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