New Delhi: The price of gasoline and diesel remains unchanged on Sunday posted a revision of the task by the central and state governments in Diwali Hawa, providing relief to consumers.
Thus, the price of gasoline and diesel remains static for the 17th day in a row on Sundays under the mechanism for the revised daily price followed by oil marketing companies.
Pump gasoline prices in Delhi, which fell to Rs 103.97 per liter at 6 am.
On November 4 from the previous day the level of Rs 110.04 per liter, remained the same as 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, prices have remained unchanged on Sundays but retail interest rates varies depending on the local tax rate.
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 now under $ 80 barrels.
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 increased 30 of the last 58 days took the retail price of 9.90 per liter in Delhi.
Gasoline prices also increased 28 out of 54 days before taking the price of the pump of 8.85 per liter.
Since January 1, 2021, prices have increased by more than Rs 26 per liter.
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 in gasoline and sharp diesel in March and again in May last year to mobilize additional resources for Covid’s help steps.