Petrol

The country witnessed the highest-ever level of petrol and diesel prices in the month of October. Fuel prices remained constant on October 18 and 19 but it witnessed a hike for four consecutive days thereafter. After the price rise for five consecutive days between October 20 to 24, it was paused on October 25.

As per an assessment of gas market done by ICICI Securities, prices in gas futures market is estimated to rise by US$4.1/mmbtu to US $7.35/mmbtu in H1FY23 and by another US$3.6/mmbtu (49 per cent) to US $10.95/mmbtu in H2FY23. This would mean that three main players supplying CNG and PNG -- Green Gas (GGL), Mahanagar Gas (MGL) and Indraprastha Gas (IGL) would need to hike CNG prices by 50-56 per cent in April-October, 2022 to fully pass on APM gas price rise to keep their margins at lofty levels.

Accordingly, the pump price of petrol in Delhi rose by 35 paise to its highest-ever level of Rs 107.59 a litre while diesel prices also rose by the same margin to Rs 96.32 a litre, according to a price notification of state-owned fuel retailers. In the financial capital Mumbai, petrol prices have now risen to Rs 113.47 per litre while diesel to Rs 104.47 a litre, the highest among all metros.

Accordingly, the pump price of petrol in Delhi rose by 35 paise to its highest-ever level of Rs 106.89 a litre while diesel prices also rose by the same margin to Rs 95.62 a litre, according to a price notification of the state-owned fuel retailers. In the financial capital Mumbai, petrol prices have now risen to Rs 112.79 per litre while diesel to Rs 103.7 3 a litre, the highest among all metros.

The petrol price in Delhi on Thursday touched its highest ever mark of Rs106 per litre, an increase of 35 paise from Wednesday. The diesel price, on the other hand, rose by its highest ever margin this year by 45 paise to Rs95.27 per litre. However, the petrol price in Mumbai, at Rs112.45 per litre, was highest in all metro cities in India. Diesel in Mumbai was also sold at Rs103.36 per litre, highest price again in all metro cities.

The price of petrol in Delhi rose to its highest-ever level of Rs 106.19 a litre and Rs 112.11 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for Rs 102.89 a litre; while in Delhi, it costs Rs 94.92 a litre. The fuel prices remained static on Monday and Tuesday, but had risen for four straight days by 35 paise per litre each before (October 13-16).

With no revision, the price of petrol in Delhi remained Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel rates also remained static at Rs 102.52 a litre; while in Delhi it costs Rs 94.57, the same as on Sunday. The price pause comes after the rates rose for four straight days when the rates of both petrol and diesel rose by Rs 1.40 paise per litre. There was no change in the rates also on October 12 and 13.

The price of petrol in Delhi rose to its highest-ever level of Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of the state-owned fuel retailers. In Mumbai, diesel now comes for Rs 102.52 a litre; while in Delhi, it costs Rs 94.57. Diesel prices have now increased 19 out of the last 23 days taking up its retail price by Rs 5.95 per litre in Delhi.

Accordingly, in the national capital, petrol continues to be sold at Rs 104.44 per litre and diesel at Rs 93.17 per litre, the same levels as Tuesday In India's financial capital, Mumbai, where petrol became costlier by 29 paise per litre on Monday, the retail rates remain static at Rs 110.41 on Wednesday, the highest across all the four metro cities. Diesel also costs Rs 101.03 for one litre in Mumbai.

In the national capital, petrol price rose 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. In Delhi, petrol is now retailing at Rs 104.44 per litre and diesel is available at Rs 93.17 per litre after the latest price revision.