New Delhi: Petrol and diesel prices remained unchanged on Friday, marking the 20th straight day of steady fuel prices across the country.
Petrol price in Delhi stands at Rs 91.17 per litre while diesel is available for Rs 81.47. In Mumbai, petrol is retailing at Rs 97.57, while diesel costs Rs 88.60, data available on Indian Oil Corporation’s website showed. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.
There has not been any revision in auto fuel prices so far in March and prices were last changed on February 27, 2021, with petrol being hiked by 24 paise per litre and diesel being raised by 15 paise in the national capital.
The upcoming Assembly elections in the four states and one union territory are also being accredited as the reason behind stability in petrol and diesel prices in the country.
The price of petrol had last month breached the Rs 100-mark in two places in Rajasthan and Madhya Pradesh, which levy the highest VAT on the fuel in the country. In these two cities, the key auto fuel remained steady at Rs 101.84 in Rajasthan’s Sri Ganganagar, while diesel was available at Rs 93.77 per litre. In Madhya Pradesh’s Anuppur, petrol costs Rs 101.59 per litre and diesel is selling for Rs 91.97.
Meanwhile, in the global market, Crude oil prices tanked, extending their losses for the week. Brent crude was down 6.9 per cent to settle at $63.28 per barrel. On the other hand, WTI Crude fell 7.1 pc to trade at $60 per barrel, according to Reuters. Prices have been slipping with worries emerging in Europe over vaccine rollout hitting fuel demand going ahead and rising coronavirus cases.