Heena Sharma Blog

  Fuel prices in the country have remained steady for over a fortnight now even though global oil market remains volatile with regular variations in prices. Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital here on Tuesday. Fuel prices have not been revised now for 17 days. Across the country as well, the petrol and diesel price remain unchanged. However, the pause has not helped in bringing down fuel prices that have crossed Rs 100 per litre (petrol) mark in several parts of the country. Since the beginning of February crude has gained more than $7 per barrel that pushed OMCs to increase fuel prices on 14 occasions raising the prices by Rs 4.22 per litre for petrol and by Rs 4.34 a litre for diesel in Delhi. Crude is now sitting at around $69 a barrel. The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre, respectively so far this year. Read M...

  The rise in the petrol and diesel price has paused for the last couple of days as oil marketing companies have decided to wait and watch the developments on the global oil market before finalising their India retail strategy. Accordingly, oil marketing companies kept the pump price of petrol and diesel unchanged on Monday. With this, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the national capital. Across the country as well the petrol and diesel prices remain unchanged. Sources in OMCs said that price pause on Monday followed subdued movement in product price in global markets. The crude oil, which has been on fire for the last couple of weeks has also shown some downward movement lately but staying above $65 a barrel now. Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, prices have gone up by Rs 4.22 per litre for petrol while diesel rate has risen by Rs 4.34 a litre in Delhi. ...

  Petrol price has maintained its rise with the fuel price increasing again on Friday, while diesel is holding on to its price line that it has maintained since July 30. In the international market, crude price has also remained firm with benchmark Brent crude hovering close to $ 46 a barrel. State-owned oil marketing companies on Friday increased the price of petrol by 11 paisa per litre in Delhi while 10 paisa per litre in Mumbai and Kolkata and by nine paisa per litre in Chennai. According to IndianOil website, petrol prices in Delhi, Kolkata, Mumbai and Chennai increased to Rs 81.94, Rs 83.43, Rs 88.58, Rs 84.91 per litre respectively. However, diesel prices are holding steady in these metros at Rs 73.56, Rs 77.06, Rs 80.11 and Rs 78.86 per litre. Petrol prices have now risen in 11 of the last 13 days and in the national capital it is now expensive by Rs 1.51 per litre during the period. Read More             ...

Unexpected rise in diesel prices despite slower demand has extended the gain for the transport fuel over petrol in Delhi. With a 12 paise hike in diesel price in New Delhi on Monday while petrol prices remaining steady, the gap between the two auto fuels has further widened in the national capital. Last month, diesel prices overtook that of petrol in Delhi, in an unprecedented development. Diesel was priced at Rs 81.64 per litre on Monday in the national capital, higher than the previous level of Rs 81.52 a litre. Petrol prices, however, remain unchanged at Rs 80.43 a litre, the same level as June 29 when its pump price rose marginally by 5 paise over previous days price. With this, diesel is now over a rupee higher than petrol, overturning the advantage of running a vehicle on the fuel. With the price trends in diesel, it may soon catch up with petrol prices in other metros as well. Read More

Fuel prices continued to fall across major cities, maintaining the decline after soaring to record high days back. Petrol and diesel are now being sold at Rs 78.06 per litre (decrease by Rs 0.15) and Rs 72.74 per litre (decrease by Rs 0.15), respectively in the national capital. In Mumbai, petrol and diesel prices are being retailed at Rs 83.57 per litre (decrease by Rs 0.15) and Rs 76.22 per litre (decrease by Rs 0.16), respectively. According to the revised prices issued by Indian Oil, petrol now costs Rs 79.98 in Kolkata and Rs 81.08 in Chennai. After the revision, diesel price has fallen below Rs 77-mark in Chennai. The fuel is being retailed at 76.89 per litre in the city. In Kolkata, diesel now costs Rs 74.60 per litre on Friday. Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the commuter's pocket. Read Complete Article Business Standard

There's no denying the fact that a hike in fuel prices , especially diesel which is a key transportation fuel, affects the prices of groceries making commodities of daily use expensive for the masses. But there's another way that a surge in fuel prices is likely to have an impact on your pocket. ALSO READ: With consecutive hikes, petrol crosses Rs 90-mark in Maharashtra's Parbhani According to the ET report, diesel cost forms seven to eight per cent of the total revenue of a telecom company and a continuous hike in its price is likely to have an impact on the company's Ebitda margins in the July-September period. Telecom industry is the second largest buyer of diesel after the Railways and spends nearly Rs 90 billion on it on an annual basis. The dip in margins is another hit for the telecom industry which is reeling under the pressure of nearly Rs 8 trillion of debt, ET reports, caused by a price war started with the entry of Reliance Jio into the sector. Rea...