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Fuel retailers may cut prices as crude slips on covid fears

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₹1 per litre, he added. Retail prices of automotive fuels in India, which are linked with daily fluctuations of international benchmarks, have been flat since 4 November, when the government cut central levies on petrol and diesel by ₹5 and ₹10 a litre, respectively.

In Delhi, petrol has been stable for the last 18 days at ₹103.97 per litre, and diesel at ₹86.67. “For the first time in months, international oil prices fell due to demand concerns, else producers were keeping oil prices artificially high by restricting supplies, ignoring the pleas of major consumers such as the US and India," the second person said.

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