Across the country as well petrol and diesel prices remained static on Saturday but the retail prices varied depending on the level of local taxes in different states.
Premium petrol price has already crossed the Rs 100 per litre mark in several parts of the country through increase in the retail rates in the month of January and February.
Premium petrol price has also already crossed the Rs 100 per litre mark in the city and other parts of the country through increase in the retail rates in the month of January and February.
With crude once again touching $67 a barrel after the lows of $64 last week, oil companies want to wait or pause in between before revising fuel prices.
Accordingly, in the national capital, petrol continued to be sold at the new record high level of Rs 84.70 a litre while diesel prices remained at Rs 74.88 per litre.
OMC have had a good run in the first half of FY21 with higher inventory gains, fortunes may turn against the companies as lower oil prices in October and November months would result in inventory losses