New Delhi: The price of fuel remains unchanged in the country after the revision of the task by the state and central government provides further assistance to consumers from the previous interest rate hike.
Thus, the price of gasoline and diesel remains unchanged for the 10th day in a row on Sundays under the mechanism of the daily price revision followed by oil marketing companies.
Pump gasoline prices in Delhi, which fell to Rs 103.97 per liter at 6 am the last day on November 4 of the previous day’s level of Rs 110.04 per liter, remained at the same level on Sunday.
Diesel prices also remained unchanged in the capital at Rs 86.67 per liter.
In the financial capital of Mumbai, gasoline continues to be valued at Rs 109.98 per liter and Diesel Rs 94.14 per liter.
Prices also remain static on Sunday in Kolkata where gasoline prices are reduced by Rs 5.82 to Rs 104.67 per liter and diesel of Rs 11.77 to RS 89.79 per liter in the first week of November.
The price of gasoline in Chennai also remained at Rs 101.40 per liter and Diesel Rs 91.43 per liter.
Also throughout the country, the price of fuel most remains unchanged on Sundays but the retail level varies depending on the local tax level.
Global crude oil prices that have touched a three-year high of more than $ 85 per barrel on several occasions in the past month have softened a little now to a round of $ 82 per barrel.
The increase in the US inventory has pushed crude oil prices but OPEC + decisions only gradual improvement in production in December can increase the price of further crude oil.
This can put pressure on oil companies to revise the price of fuel up again.
Before cutting prices and pauses, Diesel prices have increased in 30 of the last 51 days taking retail price of 9.90 per liter in Delhi.
Gasoline prices also increased 28 out of 47 days before taking the price of the pump of 8.85 per liter.
Since January 1, the price of gasoline and diesel has increased by more than Rs 26 per liter before duties.
Excise is cut by the center on November 3, first exercise like that from the beginning of Covid’s pandemic.
In fact, the government has revised customs from gasoline and sharp diesel in March and again in May last year to mobilize DDITIONAL resources for Covid assistance steps.
Customs are raised by Rs 13 and Rs 16 per liter on gasoline and diesel between March 2020 and May 2020 and stands high at Rs 31.8 on Diesel and Rs 32.9 per liter on gasoline before the rank of task.