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Fuel prices are stable for now, but continue to sting motorists | Times of India

After rising steadily for a few weeks, prices of petrol and diesel have stabilised at Rs 79.50 and Rs 68.50 per litre this week, apparently under instructions from the Union petroleum ministry not to raise prices of the two commodities, for now.

The manner in which prices of petrol and diesel were rising in the earlier part of the month, it appeared it will cross psychological benchmark of Rs 80 and Rs 70 per litre, respectively by the second week of April, but it didn’t happen.

Bhopal-based Indian Oil Corporation (IOC) deputy manager Sohail Ansari, when asked why prices have stabilised now and whether oil companies are under instructions not to raise fuel prices for now, said, “Such orders are not given to us. We receive pricing of petrol and diesel from our regional office in Mumbai every day and fix prices of petrol and diesel, accordingly.”

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Fuel prices are stable for now, but continue to sting motorists | Bhopal News – Times of India.