Diesel prices in Delhi, Mumbai, Kolkata and Chennai were unchanged at Rs 80.87, Rs 87.96, Rs 85.88 and Rs 83.75 per litre, respectively.
As fuel prices in the country are soaring high, Union Petroleum minister Dharmendra Pradhan on Sunday (April 4) said that petrol and diesel prices will see a decrease in the near future.
Talking about petrol, diesel prices in the country and said with a decrease in crude oil prices in international markets, fuel prices in India have also started reducing now and they will reduce further in the coming days.
"Petrol, diesel and LPG prices have started reducing now and they will reduce further in the coming days. We had stated earlier also that we will transfer benefit from the decrease in crude oil prices in the international market to the end customers," he told ANI.
Pradhan had earlier stated that retail fuel prices in the country are dependant on international rates as India is largely dependent on imports from other units in terms of crude oil. India imports more than 80 cents of its oil requirement.
"They need some resources... (and) this (taxing petrol and diesel) has been a proven and substantial route by all the governments, whether the state governments or the central government," he had said.
Petrol and diesel prices were last revised upwards on February 27. Petrol in Delhi was sold for Rs 90.56 per litre on Sunday.
Price of the fuel in the other key cities of Mumbai, Chennai and Kolkata were at Rs 96.98, Rs 92.58 and Rs 90.77 per litre, respectively, all unchanged from the previous levels.
Diesel prices in Delhi, Mumbai, Kolkata and Chennai were unchanged at Rs 80.87, Rs 87.96, Rs 85.88 and Rs 83.75 per litre, respectively.
Petrol and diesel fell by 22 paisa and 23 paisa per litre respectively on Tuesday, March 30, in the wake global softening of oil prices. OMCs have decided to pause price revision as crude has again gained and climbed up to close to $64 a barrel from a lower $ 60 a barrel earlier.
Meanwhile, oil-producing countries (OPEC) said they have decided to increase production by 2 million barrels per day from May to July, adding that they are taking these steps in view of the global economy that is recovering from the COVID-19 pandemic. OPEC countries had cut production, leading to rising crude oil prices.
The rise in crude oil production will bring down the price moderation, which can have a direct bearing on the prices of petrol and diesel in the country.
(With inputs from Agencies)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Petrol, diesel prices to drop further in coming days, says Union Petroleum Minister Dharmendra Pradhan")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}