Fuel prices continue northward march, climb to new highs

Last Updated: Wed, Sep 12, 2018 11:44 hrs
Petrol pump

New Delhi: Domestic fuel prices continued their northward push on Tuesday with a depreciating rupee and expensive crude oil further pushing petrol and diesel to new record highs as per daily rates under the dynamic pricing regime.

Petrol in Delhi rose to Rs 80.87 per litre, while it increased in Kolkata, Chennai and Mumbai to Rs 83.75, Rs 84.05 and Rs 88.26 respectively, according to the Indian Oil Corporation (IOC).

Elsewhere, petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra's Parbhani - a new record in India.

Similarly, diesel prices rose in Delhi and Kolkata to Rs 72.97 and Rs 75.82 per litre respectively, while it climbed to Rs 77.13 and Rs 77.47 per litre in Chennai and Mumbai respectively.

Fuel prices in the country have been going up almost daily since August 1. They fell only once on August 13 in the last 41 days. Prices have surged on 30 days and remained unchanged on 11 days, and have been breaching record levels for more than a week now.

Sector experts say a weak rupee and high excise duty are major factors for the rise in fuel prices.

Inflationary risks along with broadly negative global cues depressed the Indian rupee to a new low of 72.74 on Tuesday.

Also, high global crude oil cost has become a major concern for the country which is a net importer of oil. The UK Brent crude oil price hovers around $77 per barrel.

Since the start of the calendar year, the petrol price in Delhi has gone up by 15.4 per cent from Rs 69.97 on January 1, 2018. The hike in diesel price has been even more steep. It has gone up by 22 per cent since January 1, 2018 when it was Rs 59.70.

On Monday, a united Opposition led by the Congress staged a nationwide shutdown protest against the rising fuel prices.

As per the country's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the rupee.

State Capitals (Applicable from 6:00 a.m. on 12-09-2018) Petrol Current Price(Per Lt) Petrol Previous Price(Per Lt) Change(Rs)
Petrol price in New DelhiRs.80.87 Rs.80.73 0.14
Petrol price in KolkataRs.83.75 Rs.83.61 0.14
Petrol price in MumbaiRs.88.26 Rs.88.12 0.14
Petrol price in ChennaiRs.84.05 Rs.83.91 0.14
Petrol price in GurgaonRs.81.17 Rs.81.34 -0.17
Petrol price in NoidaRs.80.79 Rs.80.56 0.23
Petrol price in BangaloreRs.83.51 Rs.83.39 0.12
Petrol price in BhubaneswarRs.79.68 Rs.79.58 0.10
Petrol price in ChandigarhRs.77.86 Rs.77.73 0.13
Petrol price in HyderabadRs.85.75 Rs.85.60 0.15
Petrol price in JaipurRs.81.33 Rs.81.21 0.12
Petrol price in LucknowRs.80.58 Rs.80.59 -0.01
Petrol price in PatnaRs.87.28 Rs.86.96 0.32
Petrol price in TrivandrumRs.84.20 Rs.84.06 0.14
Petrol price in DelhiRs.80.87 Rs.80.73 0.14
Petrol price in KolkataRs.83.75 Rs.83.61 0.14
Petrol price in MumbaiRs.88.26 Rs.88.12 0.14
Petrol price in ChennaiRs.84.05 Rs.83.91 0.14
Petrol price in FaridabadRs.81.72 Rs.81.59 0.13
Petrol price in GurgaonRs.81.17 Rs.81.34 -0.17
Petrol price in NoidaRs.80.79 Rs.80.56 0.23
Petrol price in GhaziabadRs.80.67 Rs.80.40 0.27
Petrol price in AgartalaRs.79.43 Rs.79.14 0.29
Petrol price in AizwalRs.76.93 Rs.76.54 0.39
Petrol price in AmbalaRs.81.04 Rs.80.88 0.16
Petrol price in BangaloreRs.83.51 Rs.83.39 0.12
Petrol price in BhopalRs.86.83 Rs.86.47 0.36
Petrol price in BhubhaneswarRs.79.68 Rs.79.58 0.10
Petrol price in ChandigarhRs.77.86 Rs.77.73 0.13
Petrol price in DehradunRs.81.33 Rs.81.21 0.12
Petrol price in GandhinagarRs.80.19 Rs.80.06 0.13
Petrol price in GangtokRs.84.05 Rs.83.90 0.15
Petrol price in GuwahatiRs.83.36 Rs.83.20 0.16
Petrol price in HyderabadRs.85.75 Rs.85.60 0.15
Petrol price in ImphalRs.78.93 Rs.78.76 0.17
Petrol price in ItanagarRs.76.28 Rs.76.15 0.13
Petrol price in JaipurRs.81.33 Rs.81.21 0.12
Petrol price in JammuRs.82.86 Rs.82.41 0.45
Petrol price in JalandharRs.86.16 Rs.86.21 -0.05
Petrol price in KohimaRs.79.35 Rs.79.22 0.13
Petrol price in LucknowRs.80.58 Rs.80.59 -0.01
Petrol price in PanjimRs.74.42 Rs.74.56 -0.14
Petrol price in PatnaRs.87.28 Rs.86.96 0.32
Petrol price in Port BlairRs.69.63 Rs.69.51 0.12
Petrol price in RaipurRs.81.42 Rs.81.10 0.32
Petrol price in RanchiRs.80.15 Rs.79.84 0.31
Petrol price in ShillongRs.80.48 Rs.80.16 0.32
Petrol price in ShimlaRs.81.26 Rs.80.99 0.27
Petrol price in SrinagarRs.85.34 Rs.85.20 0.14
Petrol price in TrivandrumRs.84.20 Rs.84.06 0.14
Petrol price in SilvassaRs.78.70 Rs.78.52 0.18
Petrol price in DamanRs.78.66 Rs.78.53 0.13
Petrol price in PondicherryRs.79.73 Rs.79.59 0.14

Source for rates: Indian Oil Corporation



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