Pause on fuel hike enters Day 6
NEW DELHI: Oil marketing companies (OMC) continued with the pause on fuel price revision for the sixth consecutive day on Friday, the longest brake applied in weeks, as global development on oil production and rising US inventories softened crude and product prices.
The OMCs though have not reduced the retail price of petrol or diesel as more time would be required to study oil price movement before any downward revision.
With no change in prices, petrol continues to be sold for Rs 101.84 per litre in the national capital, while diesel is also being sold at the unchanged rate of Rs 89.87 a litre.