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 the sixth consecutive day. In fact, Petrol prices have remained steady for the last 16 days.
The development is in line with the movement of global oil prices. Crude prices remained soft for most of the previous week and fell almost 10 percent to close to $40 a barrel. In the last couple of days, it has risen and is now around $42.5 a barrel.
The 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 liter. Similarly, prices of the fuel In Mumbai, Chennai, and Kolkata are 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 liter respectively.
