NEW DELHI: Oil marketing companies (OMC) have spared consumers of yet another petrol and diesel price spike albeit the global oil market is on the boil with crude reaching within touching distance of year-high-level of USD 70 a barrel.
Petrol steadies to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Saturday. Across the country too, the petrol and diesel price remained unchanged. This is the seventh consecutive day when pump prices of auto fuels have remains unchanged.
After a spike in global oil prices seen over the last two weeks with crude price jumping close to USD67 a barrel, prices had fallen to around USD63 a barrel but it rose again to cross USD69 a barrel mark now after the OPEC+ decision to continue with crude production cut in April.
Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, the price has gone up by Rs 4.22 per litre for petrol while the diesel rate has risen by Rs 4.34 a litre in Delhi. The increase in the previous weeks has taken petrol to cross historic high levels of Rs 100 a litre in several cities across the country.
The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre, respectively so far this year.
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