Petrol and diesel prices hiked by 35 paise for the third consecutive day across the country
Accordingly, the pump price of petrol in
In the financial capital
The fuel prices remained static on Monday and Tuesday, but had risen for four straight days by 35 paise per litre previously before rising again for three consecutive days on Wednesday, Thursday and Friday. There was no change in rates on October 12 and 13.
Diesel prices have increased on 22 out of the last 28 days taking up its retail price by ₹7.10 per litre in Delhi.
With diesel prices rising sharply, the fuel is now available at over ₹100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed ₹100 a litre-mark across the country a few months earlier.
Petrol prices had maintained stability since September 5 but oil companies finally raised the pump prices last week. Petrol prices have also risen on 19 of the previous 24 days taking up its pump price by ₹5.70 per litre.
Crude prices have been on a surge rising over a three year-high level of over $ 85 a barrel now as global demand remains firm while OPEC+ continues to move slowly on increasing production. It has softened to just below $85 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to average prices during August.
Snapchat’s upcoming family centre feature will allow parents to see who is chatting with their teenage children
Apple could drop ‘Air’ for next MacBook with M2 chip, iMac-like colours, and MagSafe
Popular on BI
- Beijing says it's 'natural' for the US to 'feel sour' after Boeing loses out to Airbus on $37 billion China plane deal
- This start-up creates ‘green’ water out of thin air and sells it at ₹4 per liter
- Coinbase-backed Indian crypto exchange Vauld suspends trading, deposits and withdrawals amid market downturn
- Indian consumers are upgrading their TV sets as early as 8 years now thanks to the pandemic
- SpiceJet flight makes an emergency landing again – sixth incident in 3 months
- Fear of muted earnings, stagflation could bring bears in action — Nifty to remain volatile for 3 months
- Best food processor in India 2022
- Inflation is making Indian companies borrow more – that's bad news when interest rates are high