Petrol price was very close to breaching the all time high level of Rs 84 a litre (reached on October 4, 2018) when it touched Rs 83.71 a litre on Monday. But the march has been halted ever since then with no price revision by the OMCs.
Global crude prices have risen almost $ 10 a barrel in the last one month to reaching over $ 50 a barrel now. But even at this level, it is far less than than average crude price of $ 80.08 a barrel in October 2018 when petrol prices reached highs of Rs 84 a litre in the national capital.
With Monday's pause, fuel prices have now increased on 15 of the past 25 days with petrol prices rising by Rs 2.65 per litre and diesel by 3.41 a litre.
Petrol price had been static since September 22, and diesel rates hadn't changed since October 2.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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