The prices of fuel have remained mostly unchanged at different places in Odisha on Sunday.
While customers are reportedly paying Rs 103.19 per litre of petrol in the Capital city, diesel is available at Rs 94.76 a litre.
Going out in the market to buy vegetables, grocery and fruits is almost a daily affair for people. And with a frequent change in rates caused by many factors including asymmetry in supply and demand, it becomes handy when you get to know the prices before hand, right on your mobile phones. Keep an eye on this space for the prices of vegetables, pulses, cereals, spices, fruits, fish, mutton and poultry which is updated on a daily basis.
Similarly, petrol and diesel are available at Rs 103.54 and Rs 95.10 per litre respectively in Cuttack.
As per a fuel rate chart, petrol is being sold at 108.92 in Malkangiri. In Ganjam, petrol costs Rs 104.66 and in Sambalpur, the petroleum product is priced at Rs 104.39. Similarly, petrol is being sold at 103.73 in Bhadrak and Rs 107.79 in Koraput.
Meanwhile, India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note.
The demand for May was some 80,000 barrel higher than its growth forecast, partly due to stronger-than-expected demand for transportation and the government's announcement of a cut in excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel, which provided some support for demand.
On a year-on-year basis, demand growth was driven by diesel, petrol and other minor products, which were up 416,000 barrels per day, 282,000 barrels per day and 161,000 barrels per day, respectively.
Kerosene/jet fuel and fuel oil also posted positive growth, rising 67,000 barrels and 25,000 barrels, respectively.