No increase in fuel prices for 2nd consecutive day on Tuesday

by IANS |

New Delhi, Oct 19 (IANS) Petrol and diesel prices remained unchanged for the second consecutive on Tuesday providing relief to consumers who have been facing a regular increase in fuel prices in the past few months taking the retail rates to historic high levels.

With no revision, the price of petrol in Delhi remained Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel rates also remained static at Rs 102.52 a litre; while in Delhi it costs Rs 94.57, the same as on Sunday.

The price pause comes after the rates rose for four straight days when the rates of both petrol and diesel rose by Rs 1.40 paise per litre. There was no change in the rates also on October 12 and 13.

Diesel prices have increased on 19 out of the last 25 days taking up its retail price by Rs 5.95 per litre in Delhi.

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. Petrol prices have also risen on 16 of the previous 21 days taking up the pump price by Rs 4.65 per litre.

Crude prices have been on a surge rising over a three-year high level of over $ 85.7 a barrel now. It has softened a bit, falling below $ 85 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to the average prices during August.

Latest News
FIR against Omicron-positive S African national for fleeing Bengaluru Tue, Dec 07, 2021, 08:11 PM
Amicus Curiae to look into mosquito menace in Delhi Tue, Dec 07, 2021, 08:08 PM
Sand mafia in Punjab worth Rs 20,000 crore: Kejriwal Tue, Dec 07, 2021, 08:05 PM
Geospatial sector set to grow almost 14%, experts call for forward looking policy Tue, Dec 07, 2021, 08:03 PM
India is not one economy but aggregate of economies: Meenakshi Lekhi Tue, Dec 07, 2021, 08:00 PM
Verdict in 29 days: Death penalty to rape and murder convict Tue, Dec 07, 2021, 07:58 PM
Drugs worth over Rs 508 cr seized in Manipur, one Myanmarese held Tue, Dec 07, 2021, 07:56 PM
Action initiated to set up genome sequencing labs in Karnataka: Bommai Tue, Dec 07, 2021, 07:53 PM
Congress seeks probe into illegal construction at UNESCO-endorsed church Tue, Dec 07, 2021, 07:48 PM
Lawyer files complaint against JNUSU over Babri Masjid protest march Tue, Dec 07, 2021, 07:46 PM
KMC polls: No need for central forces, SEC tells Raj Bhawan Tue, Dec 07, 2021, 07:43 PM
Accused in fake certificate racket arrested in J&K Tue, Dec 07, 2021, 07:41 PM
Amarinder lashes out Congress over Maken's appointment Tue, Dec 07, 2021, 07:39 PM
Magician drives vehicle blindfolded to 'open Vijayan's eyes' Tue, Dec 07, 2021, 07:37 PM
Omicron positive doctor in Karnataka again tests Covid positive Tue, Dec 07, 2021, 07:35 PM