Diesel price has extended its gap with petrol across the country with oil marketing companies cutting its retail price again while keeping the petrol price steady.
The oil marketing companies (OMCs) on Monday reduced the pump price of diesel, the third such downward revision in the last five days.
In the National Capital, diesel prices have fallen by 11 paise per liter on Monday, bringing down the transport fuel price to Rs 73.16 a liter. The price of diesel has also fallen on Thursday by 16 paise per liter and then again on Saturday by 13 paise.
While diesel prices have fallen, the OMC has kept petrol prices steady. The fuel prices have remained at the same level so far this month. But the petrol price has been rising regularly since August 16, when it stood at Rs 80.57 a liter in Delhi. Petrol is now retailing at Rs 82.08 a liter in the capital.
The price of fuel may remain steady or fall in the coming days as global crude prices have shown some indication of softening over the expectation of a prolonged demand squeeze over COVID disruptions.
