Home Auto News Oil & Lubes Oil companies hold diesel, petrol prices for 3 consecutive days

Oil companies hold diesel, petrol prices for 3 consecutive days

New Delhi: Oil advertising and marketing companies determined to keep the pump prices of petroleum merchandise petrol and diesel unchanged on Thursday.

This is the third consecutive day when auto gas prices have remained static after diesel prices have been elevated within the earlier weeks on greater than two events.

With prices remaining unchanged, diesel continues to be priced at Rs 81.64 per litre within the capital, whereas petrol has maintained regular ranges at Rs 80.43 a litre.

Oil companies had raised diesel prices marginally by 12 paise on Monday whereas protecting petrol prices unchanged. On Tuesday and Wednesday as nicely, there was no change within the retail price of the 2 petroleum merchandise.

Petrol prices had maintained the identical stage of Rs 80.43 a litre since June 29 when it is pump price rose marginally by 5 paise over earlier days price.

Unexpected rise in diesel prices regardless of slower demand has put the transport sector at a giant drawback as rising gas value has additional shrunk its margins.

With the hike in diesel prices, the hole between the 2 auto fuels has additional widened within the nationwide capital. Last month, diesel prices overtook that of petrol within the nationwide capital, in an unprecedented improvement.

Along with the Capital, petrol and diesel prices additionally remained unchanged in different metro cities as nicely.

Oil companies started day by day revision of the 2 auto fuels from a June 7 after protecting the price unchanged for earlier 82 days throughout Covid-19 associated lockdown. Since then petrol and diesel prices have elevated by Rs 9.5 – Rs 12 per litre respectively.

Oil edges down for 2nd session as coronavirus curbs gas demand

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