Petrol

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

Diesel prices increased by 35 paisa in the national capital to Rs 91.77 per litre on Thursday while petrol prices increased by 30 paisa to Rs 103.24 a litre, according to the Indian Oil Corporation, the country's largest fuel retailer. Diesel prices have now increased on 11 out of the last 14 days taking up its retail price by Rs 3.15 per litre in Delhi.

Diesel prices increased by a sharp 35 paisa per litre in the national capital to Rs 91.42 per litre on Wednesday while petrol prices rose by 30 paisa per litre to Rs 102.94 a litre, according to the Indian Oil Corporation, the country's largest fuel retailer. Petrol prices had maintained stability since September 5 but oil companies finally raised its pump prices last week and this week, given a spurt in the product prices lately.

Accordingly, diesel prices increased by 30 paisa per litre in the national capital to Rs 91.07 per litre, while petrol rates rose by 25 paisa per litre to Rs 102.64 a litre, according to Indian Oil Corporation, the country's largest fuel retailer. Diesel prices have now increased on nine out of the last 12 days taking up its retail price by Rs 2.45 per litre in Delhi.

Benchmark crude prices have settled at a tad lower level of $ 79 a barrel now after shooting over a three-year high level of $ 80 a barrel early last week. This has given some room to OMCs to halt fuel price rise. With no change in fuel prices, diesel continues to be priced at Rs 90.77 per litre while petrol maintains its priceline at Rs 102.39 a litre in Delhi.

As per latest government data, central excise duty collection has already touched Rs 1,37,236 crore till August in FY22. This is a growth of almost 37 per cent over Rs 1,00,398 crore excise revenue collected by the Centre in the first five months of FY21.

"Demand for CNG vehicles remains strong, benefiting from surging fuel prices and increased CNG penetration in newer cities," said Motilal Oswal Financial Services (MOFSL). "Inventory in the system is 10-20 days." According to MOFSL, the retail demand evolution has been a mixed bag since the lifting of the second lockdown from mid-June 2021.

Accordingly, diesel prices increased by 30 paisa per litre in the national capital to Rs 90.17 per litre, while petrol rates rose by 25 paisa per litre to Rs 101.89 a litre, according to Indian Oil Corporation, the country's largest fuel retailer.

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 25 paisa per litre in the national capital to Rs 89.57 per litre, while the petrol rates spiked by 20 paisa per litre to Rs 101.39 after a break of 23 days, according to Indian Oil Corporation, country's largest fuel retailer. Diesel prices have now increased for third consecutive day and for the fourth time in the last five days taking up its retail price by 95 paisa per litre in Delhi.