NEW DELHI : State-run fuel retailers today left the price of petrol and diesel untouched once again for the 31st day in a row.
Barring cities like Bengaluru, Mumbai and Kolkata where the state government has hiked VAT, fuel rates have been stagnant in India despite a daily review at 6 am.
As demand for petrol and diesel plunged by around 70% during lockdown, refiners are struggling to keep themselves running. In one of such rare occasions, even state-run refiners have started exporting diesel.
R. Ramachandran, director of refineries at Bharat Petroleum Corp Ltd (BPCL) said there is still some demand for diesel from China but a further erosion in consumption is likely to lead to additional cuts to crude processing rates.