Fuel prices, especially of petrol and diesel, are very sensitive to global crude prices and also depend on several other factors decided by the government of India and oil marketing companies.
Across the country as well, the price of the fuel remained unchanged on Wednesday, but the retail rates varied depending on the level of local level taxes.
The daily review and revision of prices are based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
The long price pause for auto fuels came after fuel prices increased for 41 days in the current financial year.
New Delhi: With transport fuel prices on a downward trend for over a week, an official source said on Friday that the reductions were a result of falling global crude oil prices and the rupee’s appreciation against the US dollar and that prices were expected to soften further in the coming days. Under the daily […]
Similarly, the price of the fuel in the other key metros also continued the upward trend with petrol being sold at Rs 99.49 per litre in Chennai.
New Delhi: The petrol and diesel prices continued to surge on Saturday as the price of petrol rose by 10-11 paise and that of diesel by 15-16 paise across all major cities. According to the Indian Oil website, the petrol costs Rs 75.45 a litre in Delhi, Rs 81.04 per litre in Mumbai, Rs 78.04 […]
New Delhi: Fuel prices were dropped further on Saturday after international crude oil rates fell sharply following the outbreak of Coronavirus in China. The price of petrol was cut by 27 paise and that of diesel by diesel by 30 paise a litre across all major cities on Saturday. The petrol now costs Rs 74.16 […]
New Delhi: Fuel prices have gone for a pause after rising on 22 of the past 24 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged on Tuesday. In the national capital, the petrol price on Tuesday stood at Rs 80.43 per litre and diesel at Rs 80.53 a […]
New Delhi: Fuel prices in the country remained unchanged on Saturday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices static for 11th consecutive…