Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Fuel Prices Raised in India Again, Petrol Up 26p, Diesel 32p/ltr

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

On the expected lines, oil companies did not wait long and raised the price of petrol and diesel steeply across the country on Monday.

Accordingly, Petrol and diesel prices were increased by 26 paise and 32 paise a liter to Rs 91.53 and Rs 82.06 per liter, respectively, in Delhi.

Before the increase, petrol and diesel were retailed at Rs 91.27 and 81.73 per liter, respectively, in the national capital. The two auto fuel prices were static for two days before this increase.

Across the country as well, the petrol and diesel prices increased on Monday, but their quantum varied depending on the level of local levies in respective states.

Petrol prices in some states, including Rajasthan, Madhya Pradesh and in some places in Maharastra, have breached the Rs 100 per litre mark while premium petrol has been hovering above that level for some time now.

Before holding back auto fuel prices on Saturday and Sunday, its pump rates had increased sharply over the previous four days. Petrol and diesel prices rose by 15 paise and 18 paise per liter respectively on Tuesday, by 19 paise and 21 paise per liter on Wednesday, by 25 and 30 paise on Thursday, and by 28 paise and 31 paise per liter respectively on Friday after 18 days break.

IANS had written earlier that OMCs may begin increasing the retail price of petrol and diesel post state elections as they were incurring losses to the tune of Rs 2-3 per litre by holding the price line despite higher global crude and product prices. The oil companies had already increased the ATF prices by 6.7 per cent effective this month.

OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products’ prices and dollar exchange rate. In the last fortnight global oil prices have hovered in $66-67 a barrel range higher than the levels when petrol and diesel prices were last revised. Crude prices have jumped around $69 a barrel now.

The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively on April 15 after a 15 day break when OMCs kept its prices static. Thereafter revision of fuel prices was halted.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic