Mrunal Manmay Dash

The prices of petrol and diesel continue to be on the higher side, but there have been no major changes in the rates of fuel for the last couple of months now. The fuel rates in Odisha have more or less been steady.

Customers are reportedly paying Rs 103.01 per litre of petrol in the State Capital while diesel is being sold at Rs 94.68 a litre, an 8 paise reduction in price from Friday. In Cuttack, customers are paying Rs 103.28 and Rs 94.84 per litre of petrol and diesel respectively, a 26 paise fall from Friday.

As per a fuel rate chart, petrol is being sold at Rs 104.68 in Angul. In Balasore petrol costs Rs 103.53 and in Bargarh, the petroleum product is priced at Rs 103.85. Similarly, it is being sold at Rs 103.75 in Bhadrak and Rs 103.98 in Dhenkanal.

As far as the diesel is concerned, it is being sold at Rs 96.40 in Angul, Rs 94.81 in Balasore, Rs 94.68 in Bhubaneswar, Rs 94.84 in Cuttack, Rs 95.52 in Dhenkanal and Rs 100.30 in Malkangiri.

It is pertinent to mention here that India imposed windfall taxes on July 1, joining a growing number of nations that taxes super normal profits of energy companies. But international oil prices have cooled since then, eroding profit margins at both oil producers and refiners.

While international crude prices slumped on concerns of a potential global recession, cracks or margins on diesel, petrol and ATF crashed.