Fuel prices hold for a week despite firm global oil rates
In the financial capital Mumbai, petrol continued to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
In the financial capital Mumbai, petrol continued to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Petrol and diesel prices increased again on Wednesday after a two-day break as global oil prices failed to relent and continued to remain firm.
He said the current account deficit was directly linked with the global oil prices which had been going up and were going to have some unfavorable impact on the country’s economy.
State Bank of India in its Ecowrap research report last week said that the RBI will likely hike the repo rate by 25 bps in October, warning that the increase may not be the last one in the current fiscal year to March 31.
