Fuel prices stable in India as global oil gains on strong economic data

Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session's losses

Fuel prices in the country remained unchanged on Wednesday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices unchanged for seven consecutive day.

Accordingly, the pump price of petrol and diesel remained at previous days level of Rs 90.56 and Rs 80.87 a litre respectively in the capital.

Petrol and diesel fell by 22 paisa and 23 paisa per litre respectively last week on Tuesday in the wake of the global softening of oil prices. OMCs have decided to pause price revision as they want to watch the crude price movement that has now