Kolkata: Following 42 hiking in about two months, the price of gasoline in the city remained unchanged at Rs 102.14 for two weeks.
Diesel prices, too, have stagnated at Rs 93.08 during the same period, providing assistance to motorists.
Gasoline has touched a new high on July 17, when it rises 6 Paise per liter in the state capital.
It violated the RS 100 sign at all fuel stations throughout Kolkata on July 7, 48 hours after it had touched a three-digit sign in two fuel pumps, for the first time in the history of the city.
However, since July 17, the price remained constant.
In fact, this was the first time he remained stagnant for a long spell since the period between April 15 and April 3, when he was still trapped at Rs 90.6 “I was worried that it might be calm before the storm.
The level at which fuel prices increased in the past two months , I was worried that it might go for another steep climb towards the RS 110 sign soon.
However, the price increase has made me reduce the use of my car – I now take it only for an emergency or a very important job, “said Supriyo Dasgupta from Salt Lake.
Stagnation in the price of fuel, not only in the city but throughout the country, it can be associated with global developments in oil production and increasing US inventories, which soften crude oil and products.
However, oil marketing companies have not decided to reduce the retail price of gasoline and diesel, it takes time to study price movements.
The source in PSU oil signaled the opportunity for reducing fuel prices was slim courtesy.
Sudden increase in international oil prices last week.
Benchmark Brent Crude Oil is currently sold with more than $ 75 per barrel after falling significantly a week ago.
“There is no point in satisfaction with stagnation in fuel prices when the tariff above RS 100.
Sales has been on Jalan BBM,” said Snehasis Bhowmick, Vice President of the West Bengal Petroleum Dealer Association.