Fuel prices unchanged on Thursday


New Delhi, May 13 (IANS): Fuel retailers spared consumers of any further increase in fuel prices by keeping retail prices of petrol and diesel unchanged on Thursday.

Accordingly, petrol continues to cost Rs 92.05 per litre and diesel Rs 82.61 up in Delhi.

Across the country as well the petrol and diesel price prices remained static on Thursday but its actual retail prices varied depending on the level of local levies in respective states.

In Mumbai, regular petrol now comes for Rs 98.36 a litre just few days away from crossing the historic level of Rs 100 per litre.

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 Thursday's price hold, fuel prices increased for three consecutive days this week up to Wednesday. Petrol and diesel prices also increased on four consecutive days last week

Petrol prices have increased by Rs 1.50 a litre Delhi in May in the seven increases so far. Similarly, diesel prices have risen by Rs 1.88 per litre in capital this month.

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.

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.

With global crude prices at around $ 69 a barrel mark, OMCs may have revise fuel prices upwards again if there is any further firming up.

 

  

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Comment on this article

  • Anilkumar, Mangalore

    Thu, May 13 2021

    It is obvious that the BJP govt at centre is controlling the fuel prices directly. When asked about it, when questioned by opposition or when public agitates to bring down fuel price, the centre passes the blame to Oil Companies and State Govt. But the fact is obvious because the prices were held stagnant during election period. Probably the Govt thinks that it can go on fooling people for ever. This may not be the end. Wait and see, how the Govt makes sure that every opportunity to raise the price is never missed out.

    DisAgree Agree [1] Reply Report Abuse

  • HENRY MISQUIITH, India

    Thu, May 13 2021

    Genocide by Feku both through failing to handling pandemic and killing ecnomically.

    DisAgree Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, May 13 2021

    I have stopped using my Car ...

    DisAgree Agree [2] Reply Report Abuse

  • Prakash, Mangaladevi, Mangalore

    Thu, May 13 2021

    Eid gift from our beloved PM Modiji via Ambani Eid Mubarak to Ambani & Modi

    DisAgree Agree [2] Reply Report Abuse

  • Vicky, Damaskatte

    Thu, May 13 2021

    Na na...PM will greet tommorow. We all well versed in Astronomy.

    DisAgree [4] Agree Reply Report Abuse

  • Vicky, Damaskatte

    Thu, May 13 2021

    Great...Government much aware difficulty of people at this time.

    DisAgree [3] Agree [3] Reply Report Abuse


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