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OMCs to explore fuel price revision post elections
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SME Times News Bureau | 13 Apr, 2021
Fuel prices in the country remained unchanged on Tuesday
with oil marketing companies continuing on the pause mode and keeping
petrol and diesel prices static for a fortnight now.
Accordingly,
pump prices of petrol and diesel remained at previous day's level of Rs
90.56 and Rs 80.87 a litre respectively in the national capital.
However,
the two petroleum products may see revision again post conclusion of
ongoing state elections. With crude remaining below $65 a barrel, any
softening on global oil in wake of fresh wave of the pandemic and rising
oil stocks in US could actually mean lower petrol and diesel prices for
consumers in India.
Before the long drawn pause, petrol and
diesel fell by 22 paisa and 23 paisa per litre respectively on March 30.
The OMCs have decided to pause price revision since then as they want
to watch the crude price movement that has now fallen to around $63.5 a
barrel.
Across the country as well the petrol and diesel prices
remain static on Tuesday but its retail levels varied depending on the
level of local levies on respective states.
In Mumbai, petrol
continues to be priced at Rs 96.98 a litre and diesel at Rs 87.96 a
litre. Premium petrol, however, continues to remain over Rs 100 a litre
in the city as is the case with several cities across the country.
The
OMCs went on price cut for the first time this year on two consecutive
days - March 24 and 25 after keeping oil prices steady for past 24 days.
It again reduced the price on March 30. Thereafter, fuel prices have
remained unchanged.
Earlier, petrol and diesel prices increased
26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs
7.60 per litre respectively so far this year.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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