Social News XYZ     

Oil companies hold Diesel, petrol price rise

Oil companies hold Diesel, petrol price rise

New Delhi, July 22 (SocialNews.XYZ) Oil marketing companies decided to keep the pump prices of petroleum products petrol and diesel unchanged on Wednesday.

Accordingly, diesel continues to be priced at Rs 81.64 per litre in the capital, while petrol has maintained steady levels at Rs 80.43 a litre.

 

Oil companies had raised diesel prices marginally by 12 paisa on Monday while keeping petrol prices unchanged. On Tuesday as well there was no change in the retail price of the two petroleum products.

Petrol prices had maintained the same level of Rs 80.43 a litre since June 29 when it's pump price rose marginally by 5 paisa over previous days price.

Unexpected rise in diesel prices despite slower demand has put the transport sector at a big disadvantage as rising fuel cost has further shrunk its margins.

With the hikes in diesel prices, the gap between the two auto fuels has further widened in the national capital. Last month, diesel prices overtook that of petrol in the national capital, in an unprecedented development.

Along with the Capital, petrol and diesel prices also remained unchanged in other metro cities as well.

Oil companies began daily revision of the two auto fuels from a June 7 after keeping the price unchanged for last 82 days during Covid-19 related lockdown. Since then petrol and diesel prices have increased by Rs 9.5-Rs 12 per litre respectively.

Source: IANS

Facebook Comments
Oil companies hold Diesel, petrol price rise

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: