Petrol and diesel prices may fall marginally ahead of Diwali as oil marketing companies (OMC) are looking to pass some benefit of lower global oil prices to consumers. OMCs in India have been holding on to the retail prices of petrol and diesel for over a month now. With this, petrol prices have now been unchanged for 43 days while diesel prices have been the same as on October 2. Diesel prices in Delhi, Mumbai, Chennai and Kolkata were Rs 70.46, Rs 76.86, Rs 75.95 and Rs 73.99 respectively. If the trend holds, there could be positive gains for auto fuel consumers in India by way of a fall in retail prices of petrol and diesel.

Source: dna November 04, 2020 07:18 UTC