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.
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.
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