After registering a rise for four consecutive days, prices of petrol and diesel were kept unchanged at their record highs on Monday, October 18, 2021. The rising fuel prices in the country are not going to come down immediately.
The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices. On Sunday, petrol and diesel rates were hiked by 35 paise per litre each in the national capital.
The price of petrol in Delhi stands at Rs 105.84 per litre while that of diesel is at Rs 94.57. In Mumbai, petrol currently costs Rs 111.77, while diesel is retailing at Rs 102.52, data available on Indian Oil Corporation’s website showed. That the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries, Mint reported.
“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,”. However, the logjam continues between the Centre and States over the issue of reducing taxes on oil.
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