Petrol and diesel prices may be reduced after October 5, according to CLSA, which has based its report on speculation after comments by Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, suggesting a cut last month.
Browsing: petrol
India’s petrol consumption jumped by 54 percent and that of diesel soared by 48 percent in the first fortnight of June from a year earlier with continuing demand recovery from a relatively low base in 2021 when the world’s third-biggest oil user was in the grip of the second wave of Covid-19.
After keeping the rates unchanged Friday, the oil marketing companies today hiked the fuel prices.
State-owned oil companies today revised the prices of petrol and diesel by 80 paise a litre each, following which they are being sold at Rs 101.81 and Rs 93.07 per litre in national capital Delhi.
Petrol price was today hiked by 80 paise a litre and diesel by 70 paise.
The prices of petrol and diesel were hiked again today, for the sixth time in a week, leading to an increase of Rs 4 and Rs 4.10 per litre respectively since Tuesday last.
After remaining unchanged for more than months, petrol and diesel prices have been hiked for the third time this week. The price of petrol and diesel has been hiked by 76 paise in Chennai.
Petrol and diesel prices have been increased by 76 paise per litre from today. This hike has come after 137 days.