No change in fuel prices in almost 3 weeks

NEW DELHI: Oil marketing companies (OMC) continue to pause fuel price revision for the 20th consecutive day on Friday as a wait and watch policy continues amid fluctuating global crude prices.

Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly breaching to $77 a barrel, and then fall below $70 a barrel to crossing $75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory.

With no price increase by OMCs, in the national capital, petrol continued to sell at Rs 101.84 per litre, while diesel was unchanged at Rs 89.87 a litre on Friday. The pump price of fuel has been static since July 18. (IANS)

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