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Petrol price crosses Rs 82 per litre in Delhi, diesel remains unchanged

02:10 PM Aug 30, 2020 | FPJ Web Desk

The petrol prices were hiked by 9-10 paise across all metros on Sunday, while diesel prices remained unchanged. In Delhi, petrol rates were up by 9 paise on Monday, as per the data by Indian Oil Corporation Limited (IOCL). Meanwhile, petrol prices were hiked by 10 paise in Mumbai today.

In Delhi, petrol was priced at Rs 82.03, higher by 9 paise from Rs 81.94 on Saturday. Price of the fuel in Mumbai, Chennai and Kolkata was at Rs 88.68, Rs 85, Rs 83.52 per litre, respectively, against the previous levels of Rs 88.58, Rs 84.91 and Rs 83.43 per litre.

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Diesel prices were unchanged across the four cities. In New Delhi, Mumbai, Chennai and Kolkata, the fuel was priced at Rs 73.56, Rs 80.11, Rs 78.86 and Rs 77.06 per litre respectively.

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Oil companies struggle to spend; not as per Finance Ministry's wishes

Petrol and diesel prices vary in different parts of the country due to factors such as crude oil, foreign exchange rates, and local taxes. On Friday, the rupee gained by 56 paise to end at a nearly six-month high of 73.40 against the dollar, whereas Brent crude - the global benchmark for crude oil - climbed up 0.46 per cent to settle at $45.81 per barrel.

Even in India, diesel consumption in August has witnessed a slowdown in a clear indication that economic activity remains muted during Covid-19 pandemic.

Oil companies resumed the dynamic pricing system for daily revision of the two auto fuels from June 7 after keeping the price unchanged for around 82 days during the lockdown.

(Inputs from Agencies)

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