Petrol Price Today 2 August 2022: CNG price has now reached close to petrol in Uttar Pradesh capital Lucknow. Petrol is selling at Rs 96.57 per litre in Lucknow, while diesel costs Rs 89.76 per litre. CNG now costs Rs 96.10 per kg.
Recently, hundreds of two and four-wheelers were witnessed at most of the petrol pumps around midnight in Gujarat's Ahmedabad following a rumour on social media about a possible strike of petrol pump owners.
Petrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high.
In the national capital, the excise duty cut will result in a reduction of Rs 9.5 a litre on petrol in Delhi and Rs 7 a litre in diesel after taking into account its impact on other levies.
The Indian government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battered under high fuel prices that have also pushed inflation to a record high.
The government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battered by high fuel prices that have also pushed inflation to a multi-year high.
Petrol and diesel prices have constantly headed north over the past few days but it seems to have settled for now as fuel charges remain unchanged for three straight days.
The pump has explained reasons behind the decision saying the machine consumes a lot of electricity, and it is not viable to use it for a small quantity of petrol.
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
Petrol and diesel prices in Delhi were on Tuesday hiked by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre.
This is the 13th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
Petrol and diesel prices were on Monday hiked by 40 paise a litre each, taking the total increase in rates in the last two weeks to Rs 8.40 per litre.
Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab -- a period during which the cost of raw material (crude oil) soared by about USD 30 per barrel.
Petrol and diesel prices continued to rise as both fuels cost 80 paise per litre higher than the previous day. In the national capital, petrol stood at Rs 103.41 per litre and diesel costed Rs 94.67 per litre.
This is the 11th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. In all, petrol prices have gone up by Rs 8 per litre.
On Saturday, the national capital saw a rise of more than 80 paise as petrol stood at Rs 102.61 per litre and diesel at Rs 93.87 per litre. In Mumbai, the petrol and diesel prices per litre stood at Rs 117.57 and Rs 101.79, respectively (increased by 85 paise).
Fuel prices continue to rise with petrol and diesel rates rising by another 80 paise per litre each in Delhi on Thursday, netting an increase of about Rs 6.40 a litre in the ninth revision in ten days so far.
Prices are set to be raised further given the sharp jump in crude oil prices in the international markets.
Petrol and diesel prices were on Wednesday hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre. Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs 91.47 per litre to Rs 92.27 according to a price notification of state fuel retailers.
Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs 91.47 per litre to Rs 92.27.
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