Fuel prices in India remained unchanged on Thursday as oil marketing companies (OMC) decided to wait for state elections to get over before restarting daily revision of petrol and diesel produced in line with price movement globally.

As per sources who told a leading business daily, the price revisions may begin early next month after results of state elections are declared. However, whether price of petrol and diesel would move up or down then would depend on actual average global price in the last fortnight of March.

Meanwhile, OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate. With no price change on Thursday, pump price of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi. This is 15 consecutive day when fuel prices have not been revised.

The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively on April 15 after a 15 day break when OMCs kept its prices static. Thereafter revision of fuel prices have been halted. The petrol and diesel price remained unchanged across the country on Thursday but its retail levels varied depending on the level of local levies on respective states.

Premium petrol, however, continues to remain over Rs 100 a litre in Mumbai and several other cities across the country.

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