Fuel Price

The pump price of petrol in the national capital Delhi on Thursday remained steady at Rs 103.97 a litre and diesel prices at Rs 86.67 a litre. The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve, November 4.

The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve. The pump price of petrol in Delhi had dropped to Rs 103.97 a litre on November 4, while it was Rs 110.04 a litre the day before.

Accordingly, petrol and diesel prices remained static for the 12th consecutive day on Tuesday under the daily price revision mechanism followed by oil marketing companies. So, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on the Diwali day on November 4 from previous days' level of Rs 110.04 a litre, remained at the same level on Tuesday. The diesel prices also remained unchanged in the capital at Rs 86.67 a litre.

According to the American Automobile Association (AAA), the average price for regular gasoline was $4.676 per gallon on Sunday, which already beat the state's previous record of $4.671 set in October 2012, reports Xinhua news agency.

The annual rate of inflation, based on wholesale prices, rose to 12.54 per cent last month from 10.66 per cent in September. Similarly, on a YoY basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry has risen exponentially over October 2020, when it stood at 1.31 per cent.

Accordingly, petrol and diesel prices remained unchanged for 11th consecutive day under the daily price revision mechanism followed by oil marketing companies. The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on November 4, remained at the same level on Monday

The fuel price has not changed for the 8th consecutive day under the daily price revision mechanism followed by oil marketing companies. So, the petrol price in Delhi remain steady on Friday, which fell to Rs 103.97 per litre, at 6 A.M. last week on Thursday from the previous days level of Rs 110.04 a litre, remained at the same level on Friday. Whereas the diesel prize remain unchanged at Rs 86.67 a litre in Delhi. 

The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. last week on Thursday from the previous day's level of Rs 110.04 a litre, remained at the same level. The diesel prices also remained unchanged in the capital at Rs 86.67 a litre. In the financial capital Mumbai, petrol continued to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre. Prices also remained static on Wednesday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre last week.

Accordingly, petrol and diesel prices continued to be stable for sixth consecutive day on Wednesday under the daily price revision mechanism followed by oil marketing companies. The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Tuesday from previous day's Rs 110.04 a litre, remains the same. The diesel prices also remained unchanged in the capital at Rs 86.67 a litre. In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre, while diesel is being sold at Rs 94.14 a litre.

Many state governments have reduced the VAT after the initiative taken by the Central government. In a meeting organised in Jodhpur's Jaleli Faujdar village on Tuesday, Gehlot said, "When all the states have reduced the prices of petrol and diesel, then we will also have to reduce them." Earlier, Gehlot remained adamant saying that this slash would affect the income of the state.