SME Times News Bureau | 03 Jul, 2020
Fuel prices have gone for a
longer pause after rising on 22 of the past 27 days as oil marketing
companies (OMC) kept the pump prices of petrol and diesel unchanged
again on Friday.
In the national capital, petrol price on Friday
stood at Rs 80.43 per lit re and diesel at Rs 80.53 a litre, same level
as last three days when OMCs went for pause and kept the prices
unchanged.
Sources in public sector oil companies said that
consumers could get relief from the regular price rise of the two
petroleum products in coming days as the pause for four days now could
be replicated in several of the coming days if global oil prices
remained soft.
Also, the oil companies have covered most of the
shortfall arising when for 82 continuous days (from March 14 to June 6)
petrol and diesel prices remained unchanged while government
substantially raised taxes on the products.
Starting from June 7,
petrol price has increased by Rs 9.17 and diesel by Rs 11.14 in the
national capital. In the other cities the magnitude of increase was
similar.
With global oil prices now again rising climbing over
$42 a barrel, ther e could be instance that petrol and distal price may
begin their daily rise a gain. But for this to happen, the current level
of crude price has to be maintained and rise further.
