Petrol, diesel price rise goes for a pause again

Fuel price rise in the country went for a pause as oil marketing companies (OMCs) kept the pump rates of petrol and diesel unchanged on Saturday after increasing it on the previous day.

Accordingly, the pump prices of petrol and diesel remain at Rs 94.76 and Rs 85.66 per litre respectively in Delhi on Saturday.

In the city of Mumbai, where petrol prices crossed the Rs 100 mark for the first time ever last Saturday, the fuel price remains at new high of Rs 100.98 per litre. Diesel price also continues to be at Rs 92.99 a litre, the highest among metros.

Across the country as well petrol and diesel prices remained static on Saturday but the retail prices varied depending on the level of local taxes in different states.

Mumbai is not the only city to have unique distinction of petrol breaching the Rs 100 pet litre mark. Thane reached the mark few days back while few other cities in Rajasthan (including Jaipur) Madhya Pradesh and Maharashtra, having the highest VAT levels on auto fuels in the country, have already been selling normal petrol for over Rs 100 a litre for past several days.

Ganganagar in Rajasthan has the highest level of petrol prices at Rs 105.80 a litre while diesel prices there as well is closing on the century mark remaining at Rs 98.63 a litre. While Rajasthan in general has high retail prices of fuels due to high VAT rates, Sri Ganganagar, a small city in the state near the India-Pakistan border, has the most expensive auto fuel in the country due to higher freight it had pay to get fuel at stations.

Premium petrol price had already crossed the Rs 100 per litre mark in several parts of the country through increase in the retail rates in the month of January and February.

With Saturday’s price revision pause, fuel prices have now increased on 18 days and remained unchanged on 18 days since May 1. The 18 increases have taken up petrol prices by Rs 4.36 per litre in Delhi. Similarly, diesel has increased by Rs 4.94 per litre in the national capital.

https://www.thestatesman.com/business/petrol-diesel-price-rise-goes-for-a-pause-again-1502970975.html

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