Heena Sharma Blog

  Under the new found preference for revising fuel prices every alternate day, the Oil and marketing companies (OMCs) raised the pump prices of petrol and diesel yet again on Tuesday. Accordingly, the price of petrol increased by 27 paise per litre to Rs 92.85 a litre in Delhi while diesel price increased a tad higher by 29 paise to Rs 83.51 a litre on Tuesday. Across the country as well the petrol and diesel prices increased between 25-30 paise per litre on Tuesday but its actual retail prices varied depending on the level of local levies in respective states. The OMCs are following the practice of changing petrol and fuel rates every alternate day rather than undertaking changes on a daily basis for past few days. Accordingly, the Tuesday's price hike came after there was no change on Monday. Read More

  Petrol and diesel prices on Tuesday were cut for the third time within a week on the back of softening international oil prices . Petrol price was cut by 22 paise per litre and diesel by 23 paise per litre, according to a price notification of state-owned fuel retailers. Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87. Rates have been reduced across the country and vary from state to state depending on the local incidence of taxation (VAT). In Mumbai, the petrol price was cut to Rs 96.98 a litre on Tuesday from Rs 97.19, while diesel rates were reduced to Rs 87.96 from Rs 88.20, the price notification showed. Read More

  Petrol and diesel prices rose sharply by 25 paisa per litre on Thursday, second consecutive day of similar rise, after oil marketing companies decided to break the pause in price revision in wake of a sudden spike in global oil prices . Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.70 from previous days Rs 84.45 a litre while diesel prices increased to Rs 74.88 per litre as against Rs 74.64 a litre a day earlier. Across the country as well pump price of petrol and diesel increased on Wednesday but the quantum varied depending on the prevailing tax structure in each state. Auto fuel price rise was on hold for last five days after petrol and diesel prices had increased on two successive days last Wednesday and Thursday taking gasoline to record high levels in Delhi while keeping its prices very close to record high levels in other metro cities. It again rose yesterday by 25 paisa per litre. 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