Petrol, diesel prices unchanged for 19th consecutive day
IANS
New Delhi: Oil marketing companies (OMC) continued to pause fuel price revision for the nineteenth consecutive day Thursday as wait and watch continues amid fluctuating global crude prices.
Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly rise to over $ 77 a barrel, only to fall soon below $ 70 a barrel and crossing $ 75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory.