Petrol Rates Remained Unchanged
- 19-Aug-2021
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Diesel price on Thursday was cut by 20 paise per litre - the second straight day of reduction, but petrol rates remained unchanged.
Diesel price in Delhi was reduced to Rs 89.47 per litre from Rs 89.67 a litre.
The reduction comes on the back of a similar cut on Wednesday.
Just like on Wednesday, the petrol price wasn't revised on Thursday. In Delhi, petrol continued to be priced at Rs 101.84 a litre.
The price cut follows international oil prices tumbling to their lowest level since May after the US Federal Reserve signalled it was set to start tapering asset purchases within months, hurting commodities and lifting the dollar.
Wednesday's reduction in diesel rates came after 33 days of status quo in rates as oil companies followed what is known as moderation policy which calls for not passing on extreme volatility in rates to consumers.
