Auto fuel on Monday completed one full month without any kind of revision at retail prices across India. Since October 2 oil marketing companies have not changed their price suggesting stability in the oil market. The Oil Marketing Companies in India have been holding on to the retail price of petrol and diesel for close to a month. On Monday the prices of two petrol products remain unchanged. Petrol prices have not changed for 41 days and diesel prices have been the same since October 2.
Global crude prices are down by 10 percent over the week.
With the gradual reopening of the economic activities, diesel sales in the country have crossed over the pre-COVID level with the country’s most widely consumed fuel witnessing a nine percent year-on-year growth in the first 15 days of October.