However, petrol and diesel prices remained unchanged on Monday after increasing for four consecutive days.
There has been a constant rise in the prices of petrol and diesel for the past six days and the rates are soaring at an all-time high. The prices of petrol and diesel remained steady on October 4, 2021 but saw a hike after that.
Since September 5, when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $8-9 per barrel as compared to average prices during August.
In Mumbai, the petrol price was stable at Rs 107.26 per litre while the diesel rate increased to about Rs 96.40 a litre.
The daily review and revision of prices are based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
The long price pause for auto fuels came after fuel prices increased for 41 days in the current financial year.
The week-long price pause comes after fuel prices increased on 41 days and remained unchanged on 44 days since May 1.
After hitting new highs a day earlier, fuel prices rose once again on Tuesday taking petrol rates to cross Rs 100 per litre mark in several cities across the country.
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New Delhi: Petrol and diesel prices rose sharply again on Friday reaching new all-time high levels as oil marketing companies decided to break the pause in revision of auto fuel prices to bridge the widening under recovery. Accordingly, the pump price of petrol increased between 22-25 paise per litre across all major metros on Friday […]
New Delhi: Petrol and diesel prices remained unchanged on Wednesday after oil marketing companies went on a pause mode to provide relief to consumers after prices of auto fuels went up consistently for the past few days. Accordingly, petrol continues to be sold at Rs 85.20 a litre in Delhi while diesel prices also remained […]
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