Petrol, diesel get more expensive, retail prices up again 35 paise/ltr


New Delhi, Oct 14 (IANS): Petrol and diesel prices rose again on Thursday after a two-day break, taking its retail rates to record high levels across the country.

Accordingly, in the national capital, petrol and diesel prices increased by 35 paise per litre to Rs 104.79 per litre and Rs 93.53 per litre respectively.

In India's financial capital, Mumbai, petrol became costlier by 34 paise per litre to Rs 110.75 a litre on Thursday, the highest across all the four metro cities. Diesel also costs Rs 101.40 for one litre in Mumbai.

The price increase on Thursday has come after fuel prices remained static for the past couple of days.

Diesel prices have now increased 16 out of the last 20 days taking up its retail price by Rs 4.90 per litre in Delhi. The price of diesel has increased between 20-30 paise per litre so far, but, since Wednesday last week it has been increasing by 35 paise per litre.

With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre-mark across the country a few months earlier.

Petrol prices had maintained stability since September 5 but oil companies finally raised the pump prices last week and this week given a spurt in the product prices lately. Petrol prices have also risen on 13 of the previous 16 days taking up the pump price by Rs 3.60 per litre.

OMCs had preferred to maintain their watch prices on global oil situation before making any revision in prices. This is the reason why petrol prices were not revised for the last three weeks. But extreme volatility in global oil price movement has now pushed OMCs to effect the increase.

Crude prices have been on a surge rising over a three-year high level of over $ 83.7 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price both in the international market was higher by around $9-10 per barrel as compared to average prices during August.

 

  

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Comment on this article

  • Arthur II, Mangalore

    Thu, Oct 14 2021

    Modi government's Dasara gift

    DisAgree [1] Agree [11] Reply Report Abuse

  • francis lobo, Mangalore

    Thu, Oct 14 2021

    With coal prices increasing and power prices shooting up, CNG/LNG prices have increased. Recently government did a 60% hike in gas prices for ONGC. There will not be any end to crude rise now. Hope it reaches the earlier level of $130 -140 so that many oil-producing countries recover their losses. We had an open market for oil pricing, farm laws brought marketing pricing of produce. The next will be the open pricing of electric power. All the cronies have built up huge power plants. The days are not far when electricity prices go beyond Rs 20/unit. Presently they are around Rs 13 -15/kWh. EV will take the brunt as people will start shifting from Petrol/ Diesel to electric.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Pinky, Shirva

    Thu, Oct 14 2021

    2013 election slogan from feku PM Naa kahunga, naa kaane ko doonga. Naa piyunga naa pine ko doonga. Naa jeeyunga, naa jeene ko doonga. All above 2013 election slogans are now working thoroughly.

    DisAgree [1] Agree [12] Reply Report Abuse

  • k b r, Mangala Uru

    Thu, Oct 14 2021

    35 paise/ltr --- will find its way to party / baniya coffers....

    DisAgree [1] Agree [9] Reply Report Abuse

  • Sumit, Mangaluru

    Thu, Oct 14 2021

    Pyatrol ke daam kum hogaye kya nai hue? Aap ke jeb ke me thoda kuch paise bachne lagey kya nai lagey?…..

    DisAgree [1] Agree [8] Reply Report Abuse

  • Anil, MP

    Thu, Oct 14 2021

    DURING DEMONETISATION FOR ADVERTISEMENT PURPOSE MODI HAS MADE HIS 90 YEARS OLD MOTHER TO STAND IN QUEUE OF ATM, & NOW THIS USELESS SON WILL DEFINITELY GIVE HER CYCLE TO DO CYCLING. THE MEDIA AND BHAKTS WILL DEFINITELY CLAP THEIR HANDS...

    DisAgree [1] Agree [7] Reply Report Abuse

  • Naveen, Mangalore

    Thu, Oct 14 2021

    Loot Mar Govt

    DisAgree [1] Agree [9] Reply Report Abuse

  • Jossey Saldanha, Thane

    Thu, Oct 14 2021

    If these people cannot govern they are free to Resign ...

    DisAgree [1] Agree [6] Reply Report Abuse

  • Dinesh, Dubai

    Thu, Oct 14 2021

    Now BJP says GDP increased . Bhakts do not understand difference between Gas,Diesel, Petrol and GDP.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Mbeary, Dxb

    Thu, Oct 14 2021

    Thank u modiji... I give my blood if required, then wat is 35paisa?!!!

    DisAgree [1] Agree [19] Reply Report Abuse

  • real kujuma, kodial

    Thu, Oct 14 2021

    does not matter...even if it goes to Rs 500 we dont care..we will go by walk or bicycle---say gaumuthra andha bhakts...

    DisAgree [1] Agree [27] Reply Report Abuse

  • Shuba, Mangaluru

    Thu, Oct 14 2021

    The exorbitant increasing prices of petrol/diesel indirectly hint all vehicles should be owned by only higher class and under the present ruling government when economy if not picking up how do the middle class people going to cope up? This is like the present structure only wants Higher class and Lower class with a big gap which is due to the present ruling

    DisAgree [1] Agree [22] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Thu, Oct 14 2021

    Shuba, Mangalore, Your comments make sense.

    DisAgree [1] Agree [2] Reply Report Abuse


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