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Petrol price stable at Rs 90.93 in New Delhi, Diesel unchanged at Rs 81.32

 In Mumbai, petrol price stood at Rs 88.44 per litre–the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 92.90. Diesel was retailing at Rs 86.31 in the city

Fuel, petrol, diesel

Petrol price on Wednesday remained stable at Rs 90.93 per litre in the national capital and diesel price unchanged at Rs 81.32, according to a price notification from oil marketing companies.

In Mumbai, petrol price stood at Rs 97.34 per litre–the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 92.90. Diesel was retailing at Rs 86.31 in the city.

In Bengaluru, petrol and diesel prices stayed at Rs 93.98 and Rs 86.21 respectively. Last week, petrol prices breached the Rs 90-a-litre mark to touch an all-time high of Rs 90.19 in the national capital after the rate was hiked by 31 paise. Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates.

This stability has comes amid an outcry over record high fuel prices. Fuel prices have been witnessing an upswing since January, leading to demands for a cut in excise duty. Earlier, Petroleum Minister Dharmendra Pradhan had said that the fuel prices had gone up because of a lower production in oil-producing nations in the wake of the coronavirus pandemic. Organization of the Petroleum Exporting Countries in a meeting on February 3 decided to go on with the output curbs.

The increase in fuel prices has been criticised by the opposition parties such as the Congress that said that the Narendra Modi government should have cut excise duty to ease consumer pain. Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel..Read More


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