petrol price Archives - The Gulf Indians

Petrol,diesel prices in India touch new high

The Gulf Indians — Thu, 11 Feb 2021 07:17:45 +0000

Petrol and diesel prices scaled new highs across the metros in India on Thursday, February 11, after oil marketing companies increased the rates by up to 30 paise for the third straight day.

The price of petrol was hiked by 25 paise from Rs.87.60 per litre to Rs 87.85 per litre, and diesel was increased by 30 paise from Rs.77.73 per litre to Rs.78.03 per litre in Delhi, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the revised petrol and diesel rates stood at Rs.94.36 per litre and Rs.84.94 per litre respectively, the highest among all four metros.

Petrol and diesel prices have recorded an upswing since January 6, 2021 after staying unchanged for almost a month. The fuel rates have increased amid a rally in global crude oil prices, with COVID-19 vaccination drives beginning across the world.

Oil marketing companies – Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum align the prices of domestic fuel with the global benchmarks, by taking into account any changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.

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Diesel price hiked again, petrol price remains unchanged

The Gulf Indians — Wed, 15 Jul 2020 07:55:50 +0000

While the price of petrol has remained unchanged for about a fortnight in India, diesel touched new highs on Wednesday in the national capital after another rate hike. Diesel price went up by 11 paise per liter, after a four day hiatus.

Now the price of petrol stood at Rs 80.43 per liter in Delhi and that of diesel was at 81.18 per liter.

In a rare occurrence, the price of diesel remains slightly higher than diesel in the national capital .However in other metros, petrol continues to be slightly pricier than diesel.

On June 7, Indian Oil, Hindustan Petroleum and Bharat Petroleum – which account for the majority of fuel stations in the country – returned to the normal practice of daily price reviews following a hiatus of nearly seven weeks.

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Diesel price increased again by 23-25 paise ; Petrol remains unchanged

The Gulf Indians — Tue, 07 Jul 2020 10:27:28 +0000

Weeks after petrol and diesel prices remained unchanged, on Tuesday, diesel prices were hiked by 23-25 paise across most cities in the country.

The price of petrol in Delhi is at Rs 80.43 per litre in Delhi and in Mumbai at Rs 87.19 per litre. Meanwhile, the rates of diesel remained costlier than petrol in Delhi at Rs 80.78 per litre and in Mumbai, the price was retailing at Rs 79.05 per litre. Fuel rates vary from state to state due to value-added tax (VAT) and are determined by forex rates and crude oil prices.

State-run fuel retailers – Indian Oil, Hindustan Petroleum and Bharat Petroleum – which market the majority of petrol and diesel outlets in the country – on June 7 restarted the normal system of daily price reviews in line with costs following an 82-day hiatus.

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