The retail prices of petrol and diesel have remained unchanged for almost three weeks in the national capital despite global crude oil prices falling by up to $5 a barrel during this period. According to oil sector analysts, this could be an attempt by oil-marketing companies (OMCs) to make margins and create a buffer to keep prices under check.
Despite the price of crude oil tempering, petrol and diesel are sold at record high levels across the country. The price of petrol has remained unchanged at Rs 101.84 since July 17, while it’s at Rs 89.87 for diesel since July 15.