Price crash brings no relief as oil firms keep fuel prices unchanged

The auto fuels today maintain almost the same price levels at pumps that was existing on March 14, when government raised the excise duty on petrol and diesel by Rs 3 per litre

While a collapse in global crude oil prices was widely believed to provide relief to consumers by way of sharply lower retail price of petrol and diesel, the reality has turned out to be something else.

Auto fuels at present are being sold at nearly the same prices which existed on March 14, when the government raised the excise duty on petrol and diesel by Rs 3 per litre after the price of crude fell more than 30 per cent to $35 a barrel in a single day, news agency IANS reported.

Since then (March 14), crude prices have fallen