Petrol, diesel prices remain unchanged at record high levels

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New Delhi: Petrol, diesel prices remain unchanged at record high levels. Retail fuel prices were unchanged on Sunday across the four metros.

On Saturday, petrol and diesel touched fresh all-time high levels.

In the national capital, petrol was priced at Rs 85.70 per liter. In Mumbai, Chennai and Kolkata, petrol was sold at Rs 92.28, Rs 88.29, and Rs 87.11 per liter, respectively.

Although the pump prices of fuels were unchanged on Sunday, they have been elevated for a long and have been touching new highs of late.

Global oil prices are above $55 per barrel currently. Crude prices have remained firm for the last couple of weeks in the wake of unilateral production cuts announced by Saudi Arabia and a pick up in consumption in all major economies globally.

The last time the retail price of auto fuels were closer to current levels was on October 4, 2018, when crude prices had shot up to $80 a barrel.

The current price rise is largely on account of the steep increase in central taxes of petrol and diesel and firm crude prices.

–IANS

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