Fuel prices unchanged for 12th straight day

New Delhi, April 11 (IANS): Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the 12th straight day across the four metro cities on Sunday.

In the national capital, petrol was sold for INR 90.56 per litre.

Prices of the fuel in Mumbai, Chennai and Kolkata were at INR 96.98, INR 92.58 and INR 90.77 per litre respectively, same as the previous levels.

Petrol and diesel prices fell by 22 paise and 23 paise per litre, respectively, on March 30 in wake the global softening of oil prices. The OMCs have decided to pause price revision as they want to watch the crude price movement that has now dropped below the $63-per-barrel mark.

In tandem with petrol prices, diesel was sold at unchanged levels of INR 80.87, INR 87.96, INR 85.88 and INR 83.75 per litre, in Delhi, Mumbai, Chennai and Kolkata, respectively.

After petrol stayed at record levels for a considerable period and were steady for past 24 days, OMCs went on price cut for the first time this year on two consecutive days - March 24 and 25. It again reduced the price on March 30.

Thereafter, fuel prices have remained unchanged. Earlier, petrol and diesel prices increased 26 times in 2021.