• Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story
Aryavarth News
  • Home
  • Politics
  • City News
  • Top Story
  • Editorial
Tuesday, March 21, 2023
No Result
View All Result
Aryavarth News
No Result
View All Result

Fuel prices resurge after 3-day break

Oil marketing companies raised the pump price of petrol and diesel by 24 paise and 15 paise per litre on Saturday.

Fuel prices resurge after 3-day break

Petrol

382
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on Telegram

New Delhi, (Aryavarth) Country’s petrol and diesel prices continued its northward march on Saturday, after a three-day break, taking its retail rates to unprecedented levels and burning holes in the consumers pockets.

Oil marketing companies raised the pump price of petrol and diesel by 24 paise and 15 paise per litre on Saturday.

RelatedPosts

Fuel prices rise by Rs 8.50 per litre during peak of Covid

High fuel prices: Pradhan asks OPEC to phase out oil output cuts

Fuel price hiked again, petrol nearing century mark across the country

With this, petrol is now priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital.

Across the country as well the petrol and diesel prices increased between 20-30 paise per litre depending on the level of local duty at the state level.

Sources in OMCs said that price rise on Saturday followed movement in product price in global markets. The crude oil is also on boil with benchmark Brent crude still above $66 a barrel now. It was less than $60 a barrel just a few days back.

Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, the prices have gone up by Rs 4.22 per litre for petrol and Rs 4.34 a litre for diesel in Delhi.

The increase in the previous weeks has taken petrol to cross historic high levels of Rs 100 a litre in several cities across the country.

In Mumbai, petrol prices is just Rs 2.4 per litre short at Rs 97.57 a litre (from the three digit mark of Rs 100 per litre for the very first time ever). Diesel prices in the city is closing in on Rs 90 a litre (Rs 88.60 a litre).

In all other metros, petrol is over Rs 90 a litre mark while diesel is well over Rs 80 a litre.

Premium petrol crossed Rs 100 per litre mark in several cities of Rajasthan, Madhya Pradesh and Maharashtra a few days back.

Since fuel prices are benchmarked to a 15-day rolling average of global refined products’ prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude price stabilises.

The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre, respectively so far this year.

Oil companies executives said that petrol and diesel prices may increase further in coming days as retail prices may have to be balanced in line with global developments to prevent OMCs from making loss on sale of auto fuels.

Tags: #fuelprices
SendShare35Tweet22Share

Related Posts

Fuel prices rise by Rs 8.50 per litre during peak of Covid

Fuel prices rise by Rs 8.50 per litre during peak of Covid

June 30, 2021
High fuel prices: Pradhan asks OPEC to phase out oil output cuts

High fuel prices: Pradhan asks OPEC to phase out oil output cuts

June 25, 2021
Fuel price hiked again, petrol nearing century mark across the country

Fuel price hiked again, petrol nearing century mark across the country

June 22, 2021

Fuel price hiked again; petrol nearing century mark across country

Aryavarth News

Copyright © 2022 Aryavarth Publication Pvt Ltd.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story

Copyright © 2022 Aryavarth Publication Pvt Ltd.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.