The oil marketing companies (OMCs) kept fuel prices unchanged for the second consecutive day on Thursday.
Accordingly, the price of petrol and diesel was static at Rs 94.49 and Rs 85.38 per litre in the national capital, as per Indian Oil Corporation, the country's largest fuel retailer. In Mumbai, the petrol price was unchanged at Rs 100.72 per litre on Thursday. The cost of diesel was stable at Rs 92.69 a litre.
The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning.
Globally, oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States, according to news agency Reuters.
First Published: IST