Udayavni Special

Petrol, diesel prices rise for third straight day


PTI, Nov 22, 2020, 1:59 PM IST

New Delhi: Petrol price on Sunday was hiked by 8 paise per litre and diesel by 19 paise, the third straight day of increase in rates as the firming international oil rates broke a nearly two-month-long hiatus in price revision.

Petrol price in Delhi was hiked to Rs 81.46 per litre from Rs 81.38, according to a price notification from oil marketing companies.

Diesel rates went up from Rs 70.88 to Rs 71.07 per litre.

State-owned fuel retailers started raising fuel prices from Friday. In three days, petrol price has gone up by 40 paise and diesel rates have risen by 61 paise per litre.

Petrol prices had been static since September 22, and diesel rates hadn’t changed since October 2.

Public sector oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited – revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.

They have, however, resorted to calibrating the rates since the pandemic broke out to avoid volatility in retail prices.

The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates was preceded by no change in rates between June 30 and August 15 and an 85-day status quo between March 17 and June 6.

In Mumbai, the petrol price on Sunday was raised to Rs 88.16 per litre, from Rs 88.09, while diesel rates went up from Rs 77.34 to Rs 77.54.

Rates vary from State to State depending on the incidence of local sales tax or VAT.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

K’taka COVID-19 update: 1446 new cases, 894 discharges, 13 dead on Dec 2

Shivamogga: After attack on Bajrang Dal worker, situation remains tense; curfew imposed

Domestic flights allowed at 80% of pre-covid levels from today: Centre

NCB suspends 2 IOs for no show in court in Bharti Singh case

Ex-Punjab CM Parkash Singh Badal returns Padma award over farm laws

Kerala CM calls for high-level meeting to tackle rain fury

Criminal networks could try to sell fake COVID vaccines physically and on internet, warns Interpol



Related Articles More

Hotel Association of India launches Karnataka chapter

Amazon is one of the biggest threats to the fashion industry: Christopher Wylie, Cambridge Analytica whistleblower

Flipkart partially spins off PhonePe in $700 million fundraising round

CEAT to supply tyres for new Nissan Magnite

RBI asks HDFC Bank to stop digital activities, sourcing new credit card customers

MUST WATCH

Pro-terror graffiti case culprits will be arrested soon: Basavaraj Bommai

Meal of Bakasur : Hotel Fish Campus Udupi | Udayavani

Things You Should Know When Starting A Business | Profitable Business Ideas After Lockdown

Mangalore Boat tragedy: We’re with families of deceased, says Kota after announcing Rs 6 lakh compensation

Mangaluru boat tragedy: Body of another fisherman recovered

Latest Additions

K’taka COVID-19 update: 1446 new cases, 894 discharges, 13 dead on Dec 2

Azerbaijan discloses Nagorno-Karabakh conflict troop death toll

PM to lay foundation stones of 2 projects in Gujarat on Dec 15

Udupi Sri Krishna Matha installs Kannada nameboards after controversy

Hyderabad Civic Poll Results: Counting of Votes to Begin at 8 am Tomorrow

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.