A lower-than-expected production cut at the OPEC+ meeting led to the fall in crude oil prices. It has been decided to cut 22 lakh barrels per day. Of this, 13 lakh barrels are being implemented jointly by Saudi Arabia and Russia. Along with this, the slowdown in the global market and the increase in crude oil production in the United States led to a fall in prices in the international market.
At the same time, no decision has been taken on reducing the vehicle fuel prices in the country. National media reported that if the price of crude oil stabilizes below the $80 level, the central government will consider reducing the price of petrol and diesel in the country.
Vehicle fuel rates
Petrol and diesel prices in the country, including in major cities, remained unchanged on Sunday. In Delhi, the price of a liter of petrol was recorded at Rs 96.72 and diesel at Rs 89.62. Petrol price in Mumbai city remains unchanged at Rs 106.31 and diesel at Rs 94.27. In Kolkata, petrol remains at Rs 106.03 per liter and diesel at Rs 92.76. Petrol price in Chennai was recorded at Rs 102.63 and diesel at Rs 94.24.
Meanwhile, no changes have been reported in the petrol and diesel prices in the state today. A liter of petrol in Thiruvananthapuram remains at Rs 109.73 and diesel at Rs 98.53. In Kochi, petrol price is Rs 107.78 and diesel price is Rs 96.70. In the city of Kozhikode, the cost of one liter of petrol was Rs 108.28 and the price of diesel was Rs 97.20.