Fuel Price

The prices of petrol and diesel have been paused after the daily hike for four consecutive days. The fuel prices were not hiked on October 12 and 13 but for the next four days, there was a daily hike in petrol, diesel prices. As a result, the petrol price in Delhi remained Rs 105.84 a litre. Similarly, the petrol price in Mumbai continued at 111.77 per litre. As for diesel, the price remained at Rs 94.57 in Delhi per litre and Rs 102.52 a litre in Mumbai.

In the national capital, petrol price rose by 30 paise per litre and diesel was hiked by 35 paise per litre. The prices of petrol and diesel have crossed the Rs 100 per litre mark in many states, pinching the common man's pocket

The oil companies on Thursday increased the prices of petrol and diesel increased by 32 paise and 38 paise, respectively. With the latest hike, the price of petrol in the city shot up to Rs 107.41 per litre and that of diesel to Rs 100.13 per litre. It was on June 14 that the price of petrol had crossed Rs 100.

The semiconductor or microchip shortage has impacted the industry's production levels, extending the waiting period besides escalating prices. Major automobile players such as Maruti Suzuki, Hyundai Motor, Tata Motors and Mahindra reported an adverse impact on production that led to lesser dispatches. Semiconductors play a critical part in the production of internal combustion engines.

Accordingly, diesel prices increased by 30 paise per litre in the national capital to Rs 89.87 per litre on Thursday while petrol prices increased by 25 paise per litre to Rs 101.64 a litre, according to Indian Oil Corporation, country's largest fuel retailer. Diesel prices have now increased for five days in the last one week taking up its retail price by Rs 1.25 paise per litre in Delhi.

Accordingly, diesel prices increased by 20 paise per litre in the national capital to Rs 88.82 per litre on Friday while petrol price remained unchanged for the 19 consecutive days. OMCs have preferred to maintain their watch prices on the global oil situation before making any revision in prices.

The oil marketing companies (OMCs) on Monday kept pump prices of auto fuels -- petrol and diesel unchanged, the 16th consecutive day of no revision, as they preferred to wait and watch the global oil situation before making any revision in prices. The wait and watch plan of OMCs has come to the relief of consumers as no revision has come during a period when crude prices were on the rise over shortfall in US production and demand pick up.

The oil marketing companies (OMCs) on Monday kept pump prices of auto fuels -- petrol and diesel -- unchanged, the 15th consecutive day of no revision, as they preferred to wait and watch the global oil situation before making any revision in prices.

The oil marketing companies (OMCs) on Sunday kept pump prices of auto fuels petrol and diesel unchanged, the 14th consecutive day of no revision, as they preferred to wait and watch the global oil situation before making any revision in prices. Accordingly, the price of petrol and diesel remains unchanged at Rs 101.19 and Rs 88.62 per litre in Delhi, as per Indian Oil Corporation, the country's largest fuel retailer.

The oil marketing companies (OMCs) on Friday kept pump prices of auto fuels petrol and diesel unchanged, the 12th consecutive day of no revision, as they preferred to watch the global oil situation before making any revision in prices. Accordingly, the price of petrol and diesel remained unchanged at Rs 101.19 and Rs 88.62 per litre in Delhi, as per Indian Oil Corporation, the country's largest fuel retailer.