SME Times News Bureau | 24 Sep, 2021
Auto fuel prices in the country have maintained stability amid
volatility in global oil prices, but the oil marketing companies on
Friday increased the price of diesel marginally while maintaining
stability and petrol prices.
Accordingly, diesel prices increased
by 20 paise per litre in the national capital to Rs 88.82 per litre on
Friday while petrol price remained unchanged for the 19 consecutive
days.
OMCs have preferred to maintain their watch prices on the global oil situation before making any revision in prices.
The
wait and watch plan of OMCs has come to the relief of consumers as no
revision has been done during a period when crude prices were on the
rise over a shortfall in US production and demand pick up. This would
have necessitated about Rs 1 increase in prices of petrol and diesel.
In Mumbai, the petrol price was stable at Rs 107.26 per litre while diesel rate increased to about Rs 96.40 a litre.
Across the country as well petrol price remained static on Friday while diesel price increased marginally.
Fuel
prices have been hovering at record levels on account of 41 increases
in its retail rates since April this year. It fell on a few occasions
but largely remained stable.
