Fuel retailers have raised diesel price by 50 paise a litre, excluding state taxes, but left petrol rates unchanged for the ensuing fortnight. This is the 11th increase for diesel since the government’s January decision allowing the fuel retailers to revise pump price in small doses every month to wipe out to bring it at par with market rate.
The revised price would come into effect from the intervening midnight of Saturday and Sunday. The new rates are — Rs 59.59 in Ahmedabad, Rs 59.24 in Vadodara, Rs 59.38 in Rajkot, and Rs 59.47 in Surat.
In Delhi, the pump price would go up by 57 paise a litre, including state tax, to Rs 53.67 per litre. In Mumbai, the new price would be Rs 60.70 a litre against 60.08 at present.
The fuel retailers left petrol rates unchanged, even though the latest figures about the fuel’s international rate and the rupee’s exchange rate against the dollar necessitated indicated an increase of 25-30 paise a litre. The firms revise petrol prices on the 1st and 16th of every month, based on trends in oil prices and currency exchange rate in the preceding fortnight. They had held the present price line even on November 16 review. Petrol prices were last revised on November 1, when it was cut by Rs 1.15 a litre.
The revised price would come into effect from the intervening midnight of Saturday and Sunday. The new rates are — Rs 59.59 in Ahmedabad, Rs 59.24 in Vadodara, Rs 59.38 in Rajkot, and Rs 59.47 in Surat.
In Delhi, the pump price would go up by 57 paise a litre, including state tax, to Rs 53.67 per litre. In Mumbai, the new price would be Rs 60.70 a litre against 60.08 at present.
The fuel retailers left petrol rates unchanged, even though the latest figures about the fuel’s international rate and the rupee’s exchange rate against the dollar necessitated indicated an increase of 25-30 paise a litre. The firms revise petrol prices on the 1st and 16th of every month, based on trends in oil prices and currency exchange rate in the preceding fortnight. They had held the present price line even on November 16 review. Petrol prices were last revised on November 1, when it was cut by Rs 1.15 a litre.
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