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No Relief For Consumers, Fuel Prices Hiked Again

Petrol is now 35.3 per cent more costly than aviation turbine fuel which is sold to airlines.

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There seems to be no relief for consumers in this festive season as fuel prices are up for the third straight day. The daily hikes have taken the fuel prices to an all-time high.
 
Petrol and diesel in the capital now cost Rs 106.89 and Rs 95.62 a litre, up by Rs 0.35 respectively. In Mumbai, petrol and diesel prices per litre will cost Rs 112.78 and Rs 103.63 respectively while the same costs Rs 107.45 and Rs 98.73 in Kolkata. In Chennai, petrol costs Rs 103.92 a litre and diesel Rs 99.92. 

Petrol is now 35.3 per cent more costly than aviation turbine fuel which is sold to airlines. ATF in Delhi costs Rs 79,020.16 per kilolitre or nearly Rs 79 per litre.

Union Petroleum Minister, Hardeep Singh Puri, on October 20, stated that the hike is an international issue. “This is an international issue, global economic recovery can be undermined if energy prices remain high not just for India, but also for other nations too. It's in the interest of both producing and importing nations to have affordable energy,” he said.
 
State-run refiners revise the fuel rates on daily basis, taking into account crude rates in the international market and the rupee-dollar exchange rates. Any change in prices is implemented with effect from 6 am every day.


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fuel price hike