The Economic Times daily newspaper is available online now.

    Petrol, diesel prices rise after two days of pause

    Synopsis

    In the national capital, petrol and diesel were raised by Rs 0.35 to Rs 104.79 per litre and Rs 93.52 per litre, respectively. While in India's financial capital, Mumbai, petrol rates were hiked by Rs 0.34 to Rs 110.75 per litre, and diesel by Rs 0.37 to Rs 101.4 per litre.

    Fuel prices rise after two-day pause; Petrol price in Delhi nears Rs 105-mark
    Petrol and diesel prices rose on Thursday after two days' pause as consumers faced an unprecedented increase in auto fuel prices for the past one month that has taken retail rates to record high levels across the country.

    In the national capital, petrol and diesel were raised by Rs 0.35 to Rs 104.79 per litre and Rs 93.52 per litre, respectively. While in India's financial capital, Mumbai, petrol rates were hiked by Rs 0.34 to Rs 110.75 per litre, and diesel by Rs 0.37 to Rs 101.4 per litre.

    Petrol maintained stability since September 5, but oil companies finally raised the pump prices last week. The price pause on Wednesday came after fuel prices rose consistently for the past seven days taking the rates to all-time highs.

    OMCs had preferred to maintain their prices amid the 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 price has been on a surge rising over three year high level of over $ 83.5 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 average prices during August


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in