Petrol price moves up further, diesel rate unchanged


New Delhi, Jul 17 (IANS): Global cues pushed petrol prices to increase again across the country on Saturday adding further pressure to the stretched budgets of consumers grappling with rising food prices amidst shrinking income.

However, unlike the uniform price movement earlier, oil marketing companies on Saturday increased the pump price of petrol only and kept diesel rates unchanged offering some relief to the transport sector.

Accordingly, while the price of petrol increased by 30 paise per litre to Rs 101.84 a litre in Delhi, diesel price remained at Friday's level of Rs 89.87 a litre.

Across the country as well, Petrol prices increased in the range of 30-40 paise per litre, while diesel prices remained unchanged.

Before Saturday, oil marketing companies had kept fuel prices unchanged on Friday but had effected increases for both petrol and diesel on Thursday. With an expectation of increased global supply of oil as OPEC agreed to taper production cut in line with growing demand.

In the city of Mumbai, where petrol prices crossed the Rs 100 mark for the first time ever on May 29, the fuel price reached a new high of Rs 107.85 per litre on Saturday. Diesel prices in the city are also at Rs 97.45, the highest among metros.

Petrol prices in all metros have now crossed Rs 100 per litre mark and OMC officials said that if international oil prices continue to firm up, rates may rise further.

With Saturday's price hike, fuel prices have now increased on 41 days and remained unchanged on 37 days since May 1. The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi. Similarly, diesel has increased by Rs 9.14 per litre in the national capital.

Consumers can now expect that any further rise in fuel prices is checked only after OMCs start cutting the retail price of petrol and diesel over the next few days to provide relief. With crude staying low at $73 a barrel, lower fuel prices is a possibility.

 

  

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Comment on this article

  • Alwin, Mangaluru

    Sat, Jul 17 2021

    More revenue to government

    DisAgree Agree [2] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Jul 17 2021

    citizens are squeezed in the sugar cane machine to take out their juice. If donkey's are becoming horses this is the situation of the country. indias treasury is emptied. chaiwala prime minister must have been resigned now. shameless, shame, shame...

    DisAgree [1] Agree [10] Reply Report Abuse

  • Hegde, Bangalore

    Sat, Jul 17 2021

    Govt is repeatedly hurting common man for their mismanagement and blaming OIL bonds etc - AFTER PROCESSING - incl OIL IMPORTS ONE BARREL - USD 75 / -- FROM REFINERY sending to petrol pumps cost of one litre is approx Rs 45/ and incl dealer margin around Rs 50 / --- Due to wrong policies bowing needlessly to the United states of America - faulty deals - NAMASTE TRUMP - HOWDY MODI - we entered into unreasonable contracts- FAILURE OF OPPOSITION - to check all this - WE HAD IRAN AS A RELIABLE SUPPLIER AND THE SAME WAS ON RUPEE PAYMENT - SAVING VALUABLE FOREIGN EXCHANGE AND DOLLAR PAYMENTS - DUE TO AMERICAN PRESSURE WE BUCKLED AND STOPPED IRAN DEAL ----- NOW APART FROM UNREASONABLE PRICES - ( TAXES ) THIS IS ONE FACTOR -

    DisAgree Agree [12] Reply Report Abuse

  • Janardhan, Kaup/Dubai

    Sat, Jul 17 2021

    WhatsApp Univerity taught me something new called, "PETROL BONDS". The current government and their blind Bhakths blaming previous governments for the increase in prices. Let's c how long...Let it go 200.. I will be very happy.

    DisAgree Agree [5] Reply Report Abuse


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Title: Petrol price moves up further, diesel rate unchanged



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