In Chennai too, they were increased. Petrol there now costs Rs 105.94 and diesel Rs 96 per litre
Petrol and diesel prices on Wednesday were hiked by 80 paise a litre each for the second day in a row since the ending of an over four-and-half month hiatus in rate revision. Petrol in Delhi will now cost Rs 97.01 per litre as against Rs 96.21 previously while diesel rate has gone up from Rs 87.47 per litre to Rs 88.27, according to a price notification of state fuel retailers. A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab - a period during which the cost of raw material (crude oil) soared by USD 30 per barrel. Oil companies are now recouping the losses. According to CRISIL Research, a hike of Rs 15-20 per litre is required to fully pass the increase in international oil prices. India is 85 per cent dependent on imports to meet its oil needs.
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40% rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said
ATF price was hiked by Rs 4,481.63 per kilolitre or 5.2 per cent to Rs 90,519.79 per kl in the national capital, according to a price notification of state-owned fuel retailers
Firm will move first to alternative fuels before migrating to EVs, says top company exec
Prices of the petrol and diesel have been untouched post the revision of duties by the Centre and state governments in early November
The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a. m. on November 4 from previous day's Rs 110.04 a litre, remains at the same level.
With available data, commercial vehicles, most of which run on diesel, are the top users
Days after Centre reduced excise duty on fuel, the Congress-led government in Punjab on Sunday lowered the VAT on petrol and diesel making them cheaper by Rs 10 per litre and Rs 5 per litre in state.
The prices of petrol and diesel will increase again in the coming months, said energy expert Narendra Taneja on Thursday.
The expected fall in truck rentals will be the first in five months
The Union home minister on Thursday lauded Modi's decision regarding the excise duty on fuel
Centre on Wednesday had cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre to give reprieve to consumers battered by record high retail fuel prices
The Centre had, on Wednesday, made petrol and diesel cheaper by Rs 5 and Rs 10 per litre respectively
The retail prices of petrol and diesel fell between Rs 5-10 per litre in line with the Centre's announcement to cut excise duty on the two petroleum products to contain surging rates.
Tapan Banerjee, general secretary of Joint Council of Bus Syndicates, said that they are, however, sticking to their demand for an increase in fares given the huge cost of running their vehicles.
Fuel prices remained unchanged for a second consecutive day
Fuel prices witnessed a hike for the fifth consecutive day on Sunday
In Mumbai, petrol and diesel prices per litre stand at Rs 113.12 and Rs 104.00 respectively
Lanka IOC (LIOC) has hiked the retail prices of both petrol and diesel by Rs 5 per litre