Closing week without change in petrol, diesel prices

New Delhi, Oct 8 Diesel and petrol prices remained unchanged on Thursday closing on a week without any revision in the retail price of the two petroleum products.

Petrol and diesel prices saw a lot of volatility in the months of July, August and September when prices moved up and down at frequent intervals with diesel prices witnessing fall lately.

With no change in petrol and fiscal prices on Thursday, the fuel prices have not been revised for sixth consecutive day. In fact, Petrol prices have remained steady for last 16 days.

The development is in line with movement of global oil prices. Crude prices remained soft for most the previous week and fell almost 10 per cent to close to $40 a barrel. In last couple of days it has risen and is now around $42.5 a barrel.

Continuing coronavirus pandemic has impacted oil demand and pushed down prices in the absence of any other trigger to lift the markets.

In the national capital, diesel continues to be priced at Rs 70.46 per litre. Similarly, prices of the fuel In Mumbai, Chennai and Kolkata, is also stable at Rs 76.86, Rs 75.95 and Rs 73.99 respectively.

The price of petrol in Delhi, Mumbai, Chennai and Kolkata remains at Rs 81.06, Rs 87.74, Rs 84.14 and Rs 82.59 per litre respectively.

( With inputs from IANS )