Moneycontrol
Last Updated : May 14, 2018 12:52 PM IST | Source: Moneycontrol.com

Fuel prices: A look at the fresh rates across the country

Here’s a quick look at what the hiked fuel prices are across major cities in India

Moneycontrol News @moneycontrolcom

After a 19-day pre-Karnataka poll hiatus, petrol price on Monday was hiked by 17 paise per litre and diesel by 21 paise as PSU oil companies began passing on the spike witnessed in international rates to consumers.

Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 per litre from Rs 65.93, according to a price notification issued by state-owned oil marketing companies.

Also Read: Petrol, diesel prices hiked after 19-day pre-poll hiatus

As of now, diesel prices have touched a record high while petrol is at a 56-month peak.

Petrol prices remain highest in Mumbai at Rs 82.65 while diesel prices are the highest in Hyderabad at Rs 71.67. Diesel prices in Mumbai are at Rs 70.43, according to Indian Oil's price list.

In other metropolitan, fuel prices too increased significantly. Here’s a quick look at fuel prices across major cities:

Mumbai: Rs 82.65 (Petrol), 76.02 (Diesel)

Delhi: Rs 74.80 (Petrol), Rs 66.14 (Diesel)

Kolkata: Rs 77.50 (Petrol), Rs 68.68 (Diesel)

Chennai: Rs 77.61 (Petrol), Rs 69.79 (Diesel)

Bengaluru: Rs 75.86 (Petrol), Rs 67.08 (Diesel)

Hyderabad: Rs 79.08 (Petrol), Rs 71.67 (Diesel)

The price of petrol increased by more than Rs 7 and price of diesel increased by almost Rs 2 in Pune taking them to Rs 82.34 and Rs 69.01 respectively, according to My Petrol Price.

In Lucknow, the price of petrol was hiked to Rs 75.86 while the price of diesel fell by almost a rupee to Rs 66.08.

State-owned oil marketing companies are estimated to have lost about Rs 500 crore as they absorbed higher cost resulting from the spike in international oil rates and fall in rupee against the US dollar.

Oil PSUs, which have been since June last year revising auto fuel prices on a daily basis to reflect changes in the cost, have kept pump rates static since April 24, an analysis of daily price notification issued by oil companies showed.

Oil PSUs have refused to acknowledge if the freeze followed a government diktat so as to help ruling BJP in Karnataka, according to a PTI report.

Petrol and diesel prices were last revised on April 24 when they were hiked by 13 paise each. But prices were frozen thereafter. This despite benchmark international rate for petrol going up from USD 78.84 per barrel, which was used for raising the price to Rs 74.63 a litre on April 24, to USD 82.98 now, according to sources privy to fuel pricing methodology.
First Published on May 14, 2018 12:21 pm
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