Rising Rates Of Petrol And Diesel

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol and diesel prices were hiked again by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre.

Petrol and diesel prices were hiked today by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre.

Petrol and diesel prices were today hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre.

Petrol price today crossed Rs 100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to Rs 4.80 per litre.

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses after keeping them steady for over four months

Fuel prices remained unchanged on Monday, October 25, after rising for five straight days. In the national capital, petrol and diesel rates stood at Rs 107.59 and Rs 96.32 per litre respectively, according to Indian Oil Corporation.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

Petrol and diesel prices were hiked on Thursday, October 14, after a pause of two straight days. In the national capital, petrol and diesel rate jumped 35 paise to cost Rs 104.79 and Rs 93.52 per litre respectively, according to Indian Oil Corporation.

Farmers agitating against the new agriculture laws on Thursday came together to raise their voices against the recent price hike of petrol, diesel, cooking gas and cooking oil, demanding that the rates be halved with immediate effect.

Fuel costs have been ratcheted up to current levels by combined effects of rising Brent prices and numerous tax hikes over the past few years.

The Shiv Sena on Monday trained its guns at the Centre over the rising fuel prices, saying instead of collecting donations for the construction of a Ram temple in Ayodhya, the government should take steps to bring down the rates of petrol and diesel in the country.

In Delhi, the price of petrol was hiked by 29 paise from Rs 87.85 to Rs 88.14, and diesel was increased by 35 paise from Rs 77.03 per litre to Rs 78.38 per litre, according to Indian Oil Corporation

The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol and diesel prices were hiked again by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre.

Petrol and diesel prices were hiked today by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre.

Petrol and diesel prices were today hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre.

Petrol price today crossed Rs 100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to Rs 4.80 per litre.

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses after keeping them steady for over four months

Fuel prices remained unchanged on Monday, October 25, after rising for five straight days. In the national capital, petrol and diesel rates stood at Rs 107.59 and Rs 96.32 per litre respectively, according to Indian Oil Corporation.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

Petrol and diesel prices were hiked on Thursday, October 14, after a pause of two straight days. In the national capital, petrol and diesel rate jumped 35 paise to cost Rs 104.79 and Rs 93.52 per litre respectively, according to Indian Oil Corporation.

Farmers agitating against the new agriculture laws on Thursday came together to raise their voices against the recent price hike of petrol, diesel, cooking gas and cooking oil, demanding that the rates be halved with immediate effect.

Fuel costs have been ratcheted up to current levels by combined effects of rising Brent prices and numerous tax hikes over the past few years.

The Shiv Sena on Monday trained its guns at the Centre over the rising fuel prices, saying instead of collecting donations for the construction of a Ram temple in Ayodhya, the government should take steps to bring down the rates of petrol and diesel in the country.

In Delhi, the price of petrol was hiked by 29 paise from Rs 87.85 to Rs 88.14, and diesel was increased by 35 paise from Rs 77.03 per litre to Rs 78.38 per litre, according to Indian Oil Corporation

The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.