The prices of petrol and diesel have maintained stability on Monday. The rates of the fuel have remained unchanged for more than a month now.
As per the latest report, customers are reportedly paying Rs 112.68 per litre of petrol in the capital city of Bhubaneswar today while diesel is sold at Rs 102.35 a litre.
Similarly, in Cuttack, customers are paying Rs 112.85 and Rs 102.58 per litre of petrol and diesel respectively.
As the Oil Marketing Companies (OMCs) effected as many as 14 hikes of petrol and diesel between March and April 6, the prices of the fuel on a higher side. The rise in the prices of petrol and diesel has hit the common man hard.
Recently, the government has increased the price of 14.2 kg domestic LPG cylinder by Rs 50 with effect from May 7. The domestic cylinder will now cost Rs 999.50/cylinder.
India is 85 per cent dependent on imports for meeting its oil needs and so retail rates adjust accordingly to the global movement.