TIWN
New Delhi, Aug 3 (TIWN) The oil marketing companies (OMC) continued to pause fuel price revision for the seventeenth consecutive day on Tuesday, the longest period in weeks, as wait and watch continues amidst fluctuating global crude prices.
Accordingly, in the national capital, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre on Tuesday. The pump price of fuel has been static since July 18. One of the main reasons for pause in fuel price rise is an over 10 per cent fall seen in global oil prices with benchmark crude sliding to $69 a barrel earlier last month. It, however, rose again to over $75 a barrel on strong demand projections but has softened again around $72 a barrel now.
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