Petrol, Diesel Prices Hiked For a Second Time After Halt

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    Petrol prices are the highest in 5 years at Rs 74.5 per litre while diesel is at its all-time high at Rs 66.36 per litre in Delhi after the second hike this month. Fuel rates were not raised for 19 straight days since 24 April for almost three weeks ahead of Karnataka assembly polls.

    Petrol, Diesel Prices Hiked For a Second Time After Halt
     

    Monday, that is one day after the election, petrol was up by 17 paise while diesel saw a 21 paise hike at Rs 74.8 per litre and Rs 66.14 per litre in Delhi respectively. The prices were up again today by 15 paise for petrol and 22 paise for diesel on an average in the Indian metro cities.

    Petrol prices per litre (in rupees) in metro cities on May 15:

    City May 15 May 14 Since April 24
    Delhi 74.95 74.8 74.63
    Kolkata 77.65 77.5 77.32
    Mumbai 82.79 82.65 82.48
    Chennai 77.77 77.61 77.43

    Petrol prices per litre (in rupees) in state capitals on May 15:

    State Capital Prices
    Agartala 70.79
    Aizwal 70.91
    Ambala 75.07
    Bangalore 76.16
    Bhopal 80.52
    Bhubhaneswar 73.79
    Chandigarh 72.09
    Dehradun 76.6
    Gandhinagar 74.27
    Gangtok 78
    Guwahati 77.03
    Hyderabad 79.39
    Imphal 73.06
    Itanagar 70.92
    Jaipur 77.66
    Jammu 76.71
    Jullunder 80.16
    Kohima 73.44
    Lucknow 76.08
    Panjim 69.06
    Patna 80.45
    Pondicherry 73.79
    Port Blair 64.66
    Raipur 75.38
    Ranchi 75.24
    Shillong 74.36
    Shimla 75.14
    Srinagar 79.41
    Trivandrum 79.01
    Silvasa 72.93
    Daman 72.85

    Diesel prices per litre (in rupees) in metro cities on May 15:

    City May 15 May 14 Since April 24
    Delhi 66.36 66.14 65.93
    Kolkata 68.9 68.68 68.63
    Mumbai 70.66 70.43 70.2
    Chennai 70.02 69.79 69.56

    Diesel prices per litre (in rupees) in state capitals on May 15:

    State Capital Prices
    Agartala 64.5
    Aizwal 63.72
    Ambala 66.87
    Bangalore 67.5
    Bhopal 69.84
    Bhubhaneswar 71.12
    Chandigarh 64.44
    Dehradun 66.68
    Gandhinagar 71.31
    Gangtok 68.15
    Guwahati 69.25
    Hyderabad 72.13
    Imphal 64.46
    Itanagar 63.7
    Jaipur 70.71
    Jammu 67.54
    Jullunder 66.35
    Kohima 64.75
    Lucknow 66.5
    Panjim 67.53
    Patna 71.01
    Pondicherry 68.57
    Port Blair 62.25
    Raipur 71.66
    Ranchi 70.08
    Shillong 66.17
    Shimla 66.02
    Srinagar 69.76
    Trivandrum 72.05
    Silvasa 67.17
    Daman 67.1

    Fuel prices in India are affected by the crude oil rates internationally. The weakening of the rupee along with rising international prices are responsible for the hike in India. Petroleum is one of the biggest items in India's import bill, as it is highly dependent on other countries for its domestic fuel demand.

    International crude oil benchmark Brent was increased to $78.33 per barrel (nasdaq.com) from a little over $77 per barrel last week. Reduction in oil production by the Organization of Petroleum Exporting Countries (OPEC), reduced oil output in Venezuela, political tensions around the oil-rich Iran and strengthening of the US dollar can all be factored in for the increase.

     

    Fuel prices above are taken from iocl.com.

    Read more about: petrol diesel
    Story first published: Tuesday, May 15, 2018, 10:05 [IST]
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