The prices of petrol and diesel have been considerably steady in Odisha and other parts of the country even as international crude prices slumped on concerns of a potential global recession.
No large change has been witnessed in the rates of the fuel in different places of Odisha on Monday.
Customers are paying Rs 112.68 per litre of petrol in the capital city of Bhubaneswar today while diesel is sold at Rs 102.35 a litre
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Thrice in just four days! After a day’s pause, Petrol and Diesel prices were increased for the third time in four days after two straight hikes across the country. The fuel prices were hiked by Rs 80 paise per litre each on Friday.
According to CRISIL Research, a hike of Rs 15-20 per litre is required to fully pass the increase in international oil prices.
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Petrol and diesel prices continue to post a steep rise in Odisha, leaving consumers shocked and worried. Needless to say, the common man’s monthly budget has been hit hard by the unabated rise in fuel prices. As on today, petrol price in Malkangiri breached Rs 115/L, which is maximum in the state.
What is interesting is that gas suppliers to CNG and PNG markets have made lofty margins in the pandemic period due to non revision of piped natural gas and compressed natural gas prices during the inadequacy when the cereal gas prices had fallen globally due to demand compression and lockdowns.
Diesel is now available at over Rs 100 a litre in several parts of the country.
The hike in fuel prices has also affected the prices of other essential commodities like oil, pulses and vegetables, setting kitchens on fire.
There has been a constant rise in the prices of petrol and diesel for the past six days and the rates are soaring at an all-time high. The prices of petrol and diesel remained steady on October 4, 2021 but saw a hike after that.
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