Petrol and diesel prices were last raised by 25 paise per litre on January 27, according to a price notification from oil marketing companies
Rates differ from state to state, depending on value-added tax (VAT). Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates
The state finance department late Thursday issued orders, which came into effect from Thursday midnight
Rates differ from state to state, depending on value-added tax. Petrol and diesel prices are revised on a daily basis
Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies
Rates were raised for the second consecutive day
There is a pressure on fuel price due to imbalance in demand and supply," Pradhan said while speaking to media in Betul
With Monday's increase, petrol is being sold at Rs 84.95 a litre in Delhi from previous day price of Rs 84.70 a litre
Oil marketing companies kept the retail prices of petrol and diesel static on Wednesday
The rise in crude oil prices may dent marketing margins if not passed on, however, some say OMCs may have a cushion to absorb
OMCs have gone on a pause mode at a time when the news of successful coronavirus and expectations of big pick up in demand had kept crude on the boil with prices breaching $ 50 a barrel mark
The current price of petrol in Delhi is nearly 60 paise short of breaching the all- time high of Rs 84 per litre recorded in October 2018
The country is the world's third biggest oil importer and consumer.
This is the first revision in petrol prices since September 22. Diesel rates hadn't changed since October 2.
Diesel demand soared 7.4 per cent year-on-year to 6.5 million tonnes while petrol sales were up 4.5 per cent at 2.54 million tonnes.
Even as consumers continue to pay higher prices for petrol and diesel, country's OMCs are expected to reap in higher margins on sale of the two products substantially improving their profitability
Auto fuel diesel completed one full month without any revision in its retail prices across the country
Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel in the coming week and provide relief to them ahead of Diwali
Diesel price remained unchanged across the four metro cities on Saturday after falling for two consecutive days.
The auto fuel seems to have switched sides over revision in rates with diesel prices now beginning to fall while petrol holding steady