Petrol prices rise across metros after 47-day halt
Business | Aug 16, 2020, 11:15 AM ISTThe price hike comes at a time when crude oil prices have been rising and the Brent crude is trading around $45 per barrel.
The price hike comes at a time when crude oil prices have been rising and the Brent crude is trading around $45 per barrel.
Rates were hiked by a record 56.6 per cent (Rs 12,126.75 per kl) on June 1, followed by Rs 5,494.5 per kl (16.3 per cent) increase on June 16. Price was hiked by Rs 2,922.94 per kl or 7.48 per cent on July 1.
This is the second consecutive day of the price increase. Rates were hiked by 15 paise on Saturday. The price increase on Saturday came after a four-day hiatus in rate revision.
Along with the national capital, diesel prices marginally increased in other metro cities as well but there the price of transportation fuel is still between Rs 6-8 per litre lower than petrol.
Unexpected rise in diesel prices for the past couple of weeks despite slower demand has made the transport fuel take the numero uno position in Delhi while substantially reducing the gap with petrol in other metros.
A day after diesel Prices increased to extend its gain over petrol in Delhi, oil marketing companies decided to keep the pump prices of the two petroleum products unchanged on Thursday.
Diesel price on Tuesday was increased by 25 paise per litre, according to a price notification of state-owned oil marketing companies.
Fuel prices across the metros have gone for a halt after rising on 22 of the past 24 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged
Petrol, Diesel Price Today: After a day’s pause, fuel prices were again raised on Monday with diesel prices scaling a new high after prices were hiked for the 22nd time in just over three weeks.
Fuel prices across the metros were unchanged for the first time after price hikes for 21 consecutive days. Petrol prices, however, were unchanged for a day during this 21-day period after the daily revision based on dynamic pricing was reinstated.
Petrol prices on Friday hiked by 21 paise while diesel prices were raised by 17 paise for the 20th day in a row on Friday. Petrol price was hiked to Rs 80.13 per litre in Delhi, while diesel rates were increased to Rs 80.19 a litre. In Mumbai, the price of petrol stood at Rs 86.91 per litre and diesel at Rs 78.51 per litre on Friday.
Diesel price has surpassed the price of petrol for the second day in a row as fuel rate hiked for the 19th day on Thursday. Petrol price was hiked by 16 paise a litre while diesel price went up by 14 paise a litre today.
Petrol, Diesel Price Hike: The prices of petrol and diesel have increased in the national capital by Rs 8.50/litre and nearly Rs 10.48/litre, respectively, over the past 18 days.
Petrol will now cost Rs 79.76/litre and diesel Rs 79.40/litre (increase of Rs 0.55) in Delhi from today. In Bengaluru, petrol will be costlier by 20 paise per litre at Rs 82.35 per litre, while diesel will cost 53 paise more per litre at Rs 75.51 per litre.
Petrol price in Delhi was hiked to Rs 79.56 per litre from Rs 79.23 while diesel rates were increased to Rs 78.55 a litre from Rs 78.27, according to a price notification of state oil marketing companies.
Petrol price in Delhi was hiked to Rs 79.23 per litre from Rs 78.88, while diesel rates were increased to Rs 78.27 a litre from Rs 77.67, according to a price notification of state oil marketing companies.
Price of petrol and diesel has increased by Rs 5.88/litre and Rs 6.50/litre respectively since June 9, in the national capital.
Fuel Price Hike: State-run oil marketing companies (OMCs) on Friday hiked the price of petrol and diesel for the 13th consecutive day as they continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the coronavirus pandemic.
Petrol and diesel will now cost Rs 77.81/litre and Rs 76.43/litre respectively in the national capital, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.
Petrol and diesel will now cost Rs 77.28/litre and Rs 75.79/litre respectively in the national capital, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.
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