The domestic consumer of petrol and diesel may be spared another price-hike on January 31-February 1 going by trends in the international prices of crude in the last fortnight.
While the international benchmark Brent crude was ruling around $ 32 a barrel at the time of the last price-hike, it has now come down to around $ 30.69 a barrel.
However, the four public sector oil marketing companies may decide otherwise depending on the international prices of crude in the next two days.
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They may also be tempted to raise the prices marginally considering the fact that they were not fully compensated for the spurt in the international prices of crude and petroleum products at the time of the last hike.
The international prices of Brent crude, which were hovering around $ 31.54 a barrel on January 21, moved up to $ 31.91 a barrel the next day, before sliding to $ 30.69 a barrel on January 28.
Among products, kerosene (Singapore), which was being quoted at $ 35.43 a barrel on January 21, moved down to $ 34.45 a barrel on January 24, before hardening once again to $ 35.20 a barrel on January 28.
Diesel (Singapore), which was ruling at $ 34.35 a barrel on January 21, slid to $ 33.85 a barrel on January 24, before hardening once again to $ 34.10 a barrel on January 28.
Naphtha (Singapore), which was being quoted at $ 32.55 a barrel on January 21, came down to $ 31.80 a barrel on January 24, and then again hardened to $ 33.35 a barrel on January 28.
Motor spirit (FoB Singapore) was quoted at $ 34.70 a barrel on January 21, $ 33.85 a barrel on January 24, and $ 35.28 a barrel on January 28.