Diesel gets cheaper, petrol prices unchanged

Diesel prices fell again on Saturday continuing its southward movement in tandem with fall in global product prices and steady crude prices.

Oil marketing companies, however, kept petrol prices unchanged for the fourth consecutive day.

In the national capital, diesel prices fell by 16 paise per litre to Rs 70.94 a litre down from Rs 71.10 per litre on Friday. Petrol prices remained static at Rs 81.06 a litre.

In the other metros of Mumbai, Chennai and Kolkata as well diesel prices fell between 15-18 paise per litre.

The price fall is on the back of expectation of slowing demand for oil globally as a second wave of coronavirus spike threatens further derail economic activity.

Crude prices also remained soft on Saturday falling to $41 a barrel from over $42 a barrel just a day before.

For domestic auto fuel consumers, the price fall has been a bonanza amidst the current tough economic conditions. With the price cut on Saturday, diesel has now become cheaper by Rs 2.62 per litre in Delhi this month.