Pump prices of petrol and diesel have moved in the opposite direction even though the International oil prices have fallen sharply over 5.5% in the last 3 days and with fuel retailers raising the petrol price by 35 paise per litre along with diesel by 9 paise on Thursday, a surge in the auto fuel rates continue to be unabated for the 37th time in 66 days, according to a report released by The Hindustan Times.
A day after the results of the five assembly polls was declared, since 4th May, by ₹10.16 per litre and ₹8.89 a litre, petrol and diesel have been made costlier by the latest revision of India’s domestic fuel rates. In New, Delhi petrol is now priced at ₹100.56 per litre and diesel at ₹89.62 per litre.
Due to variations in state taxes along with local levies, retail prices of the two fuels differ from place to place, while fuel rates of the state-run Indian Oil Corporation (IOC) in Delhi are the benchmark for the entire country. On Wednesday, the petrol prices already crossed the ₹100 per litre mark in four metros which include Bangalore, Kolkata, Mumbai, Chennai and Delhi.
₹106.59 is the cost of litre petrol in the financial capital of India with diesel at ₹97.18 a litre, while in Rajasthan’s Ganganagar, the highest fuel rates have been recorded where pumps are selling petrol at ₹111.87 per litre and diesel at ₹102.87 a litre. After an inconclusive meeting of the producer’s cartel, the International crude oil prices tumbled.