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NEW DELHI: The surge in the prices of petrol and diesel has taken a breather for the last three days as oil marketing companies (OMCs) have determined to wait and watch the developments in the global oil market before finalising their India retail strategy. Across the country as well, petrol and diesel prices remain unchanged.
The OMCs kept the pump price of petrol and diesel unchanged on Tuesday. With this, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the national capital.
As per OMC source info, price pause on Tuesday followed the subdued movement in product price in global markets. The crude oil, which has been on fire for the last couple of weeks, has also shown some downward movement lately, staying at less than $63 a barrel now.
Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, prices have gone up by Rs 4.22 per litre for petrol while diesel rate has risen by Rs 4.34 a litre in Delhi. The increase in the previous weeks has taken petrol past the historic high levels of Rs 100 a litre in several cities across the country.
In Mumbai, petrol prices is just Rs 2.4 per litre short (Rs 97.57 a litre) of touching the three-figure mark of Rs 100 per litre for the very first time ever. Diesel prices in the city are closing on Rs 90 a litre (Rs 88.60 a litre).
In all the other metros, petrol is over Rs 90 a litre-mark, while diesel is well over Rs 80 a litre. Premium petrol had crossed Rs 100 per litre mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra a few days back.
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