News Karnataka
Monday, February 06 2023
Economy

Retail fuel prices unchanged for a week now

Retail fuel prices
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New Delhi: Oil marketing companies (OMC) have not revised retail fuel prices for a week now.

In the national capital, petrol was sold for Rs 101.19 per litre on Sunday. Similarly, price of the fuel in the other key metros of Mumbai, Chennai and Kolkata stood unchanged. They were Rs 107.26, Rs 98.96, Rs 101.62 per litre, respectively.

Diesel prices also were unchanged for the seventh consecutive day across the four metro cities.

Furthermore, In Delhi, Mumbai, Chennai and Kolkata, diesel was sold for Rs 88.62, Rs 96.19, Rs 93.26 and Rs 91.71 per litre, respectively.

Retail fuel prices remained unchanged as global oil prices continued to rise. The benchmark Brent futures are currently near the $73-per-barrel-mark. It is backed by the continued supply concerns in the US post Hurricane Ida.

Across the country as well, petrol and diesel prices remained static on Sunday, but their retail rates varied depending on the level of local taxes in a particular state.

Rates of petrol and diesel are reviewed and revised by OMCs daily.

The daily review and revision of prices is based on the average price of benchmark fuel in the international market in the preceding 15 days and foreign exchange rates.

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