DECCAN CHRONICLE.
Updated May 18, 2021, 8:56 am IST
The pandemic dampened the entire nation’s economy and even the oil companies are looking to make up for their losses
The price of petrol is subjected to change daily as petroleum companies such as Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOCL) alter the fuel prices based on the crude oil prices. PTI
Hyderabad: The price of petrol in the city rose up to Rs 96.22 on Monday, the highest it has ever seen, say petroleum dealers.
The price of petrol is subjected to change daily as petroleum companies such as Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOCL) alter the fuel prices based on the crude oil prices.
“State-owned Hindustan Petroleum Corporation Ltd (HPCL) will buy out the share of its joint venture [partner] SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being set up at Chhara in Gujarat,” reported Mint.
Petrol stands at Rs 92.34 and diesel at 82.95 per litre in Delhi. (Photo: Representational)
HIGHLIGHTS
Auto fuel rates are unchanged after reaching record heights on May 14.
While the price of diesel is Rs 90.11 per litre in Mumbai, petrol rates are Rs 98.65.
After reaching record heights on Friday, petrol and diesel prices have remained unchanged for the day. The petrol in Delhi remains constant at Rs 92.34 per litre, while diesel is priced at Rs 82.95 per litre on May 15.
According to the data from the Indian Oil Corporation, in Mumbai, a litre of petrol will cost Rs 98.65 today while diesel is Rs 90.11 per litre. In Pune, the retail price of one litre of petrol stands at Rs 98.61 while a litre of diesel costs Rs 88.70. However, the country’s capital has witnessed a price hike of Rs 1.65 per litre for petrol while the price for diesel has gone up by Rs 1.88 per litre this month.
Petrol, diesel prices hit all-time time high; check out rates in your city
Petrol and diesel prices were increased by 25 paise in Delhi, according to a price notification by the oil marketing companies. A litre of petrol now costs Rs 92.05 in the national capital, while the diesel is priced at Rs 82.61
BusinessToday.In | May 12, 2021 | Updated 11:45 IST
Petrol and diesel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges
Petrol, diesel prices on Wednesday, May 12, were hiked for the third consecutive day (seventh time this month), continuing to remain above Rs 100-a-litre in several places across Rajasthan, Maharashtra and Madhya Pradesh.
Energy stocks were trading with gains, with the S&P BSE Energy index increasing 53.02 points or 0.85% at 6315.72 at 09:49 IST. Among the components of the S&P BSE Energy index, Chennai Petroleum Corporation Ltd (up 8.58%), Mangalore Refinery And Petrochemicals Ltd (up 7.04%),Coal India Ltd (up 4.52%),Adani Total Gas Ltd (up 4.42%),Confidence Petroleum India Ltd (up 3.48%), were the top gainers. Among the other gainers were Indian Oil Corporation Ltd (up 3.23%), Hindustan Oil Exploration Company Ltd (up 3.12%), Hindustan Petroleum Corporation Ltd (up 2.8%), Bharat Petroleum Corporation Ltd (up 1.66%), and Aegis Logistics Ltd (up 1.45%). On the other hand, Gujarat Mineral Development Corporation Ltd (down 3.12%), Goa Carbon Ltd (down 2.03%), and Selan Explorations Technology Ltd (down 0.61%) turned lower.