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Petrol, diesel prices unchanged for third day
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SME Times News Bureau | 29 Jul, 2020
With global oil market stable for the past few days, consumers in India
were spared an increase in prices of auto fuels for the third
consecutive day on Wednesday.
Oil companies kept petrol and
diesel prices unchanged, taking global cues wherein benchmark crude oil
prices have remained static around $43 a barrel for past few days.
In
Delhi, diesel continues to be priced at Rs 81.94 a litre while petrol's
steady run continued for the 29th straight day at Rs 80.43 a litre.
While
the price rise has gone for a pause now, sources in oil companies
indicated that some increase could be expected this week as well though
it would be marginal considering the international price movements.
Any
reduction in petrol and diesel prices at this juncture looks remote and
would depend on oil prices falling consistently from the current levels
and then holding the trend for a few days.
Assuming a steady
rupee, every dollar per barrel fall in crude prices could result in
about 40 paisa per litre decrease in petrol and diesel prices and vice
versa.
Oil companies resumed the dynamic pricing system for daily
revision of the two auto fuels from June 7 after keeping the price
unchanged for around 82 days during the lockdown. Since then, while
petrol prices have risen by Rs 9.17 a litre, diesel prices have risen by
Rs 12.55 a litre in the National Capital.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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