• Diesel costlier as oil firms push pump prices, petrol remains steady
    New Delhi, July 25 (IANS): Oil marketing companies on Saturday raised diesel prices by 15 paisa/litre as OMCs revised pump prices. This rise in price came after the prices were held steady for sometime. While the price of diesel was at Rs 81.79 per litre in the capital, petrol was steady at Rs 80.43 a litre. Petrol prices have remain unchanged since June 29. Oil companies had raised diesel prices marginally by 12 paise on Monday but thereafter the prices of the two petroleum prod
  • Oil companies again hold diesel, petrol prices
    NEW DELHI, JULY 19 (IANS): A day after diesel prices were increased to extend the price gap vis-a-vis petrol in Delhi, oil marketing companies on Sunday decided to keep the pump prices of the two petroleum products unchanged.   Accordingly, diesel continues to be priced at Rs 81.52 per litre in the national capital, while petrol maintained steady levels at Rs 80.43 a litre.   Oil companies had raised diesel prices by 17 paisa on Saturday while keeping petrol price
  • Petrol, diesel prices unchanged for fifth day in a row
    New Delhi, July 4 (IANS): Fuel prices remained unchanged on Saturday making it the fifth consecutive day when pump prices of petrol and diesel have remained static.   Fuel prices have gone for a longer pause after rising on 22 of the past 28 days. The oil marketing companies (OMC) began their daily price revision system from June 7 that kept the petrol and diesel prices to rise continuously by an average 50-60 paise per day.   In the national capital, petrol price
  • Petrol, diesel prices unchanged after 21-day hike
    New Delhi, June 28 (IANS): In a big relief for the common man, the continuous rise in petrol and diesel prices came to a halt on Sunday.   Fuel prices across the metros were unchanged for the first time after price hikes for 21 consecutive days. Petrol prices, however, were unchanged for a day during this 21-day period after the daily revision based on dynamic pricing was reinstated.   In the national capital, petrol price was unchanged at Rs 80.38 per litre on Su
  • Worst over? Petrol, diesel demand reach 89% of normal in May, June
    New Delhi, June 27 (IANS): The worst phase for oil marketing companies may be over due to smart recovery in the sales of both petrol and diesel in May and June, with India gradually unlocking itself from the lockdowns imposed to contain COVID-19 spread.   According to a research report by ICICI Direct, though sales were down 45% in April due to the lockdown for almost all oil marketing companies, mainly the country's largest fuel retailer Indian Oil Corporation (IOC), it
  • Petrol set to catch up with diesel in Delhi
    New Delhi, June 27 (IANS): Petrol and diesel prices continued their cat and mouse chase in the Capital to become the most expensive auto fuel. Petrol is now just a whisker away to returning to its numero uno spot.   Oil marketing companies including IndianOil, Bharat Petroleum, Hindustan Petroleum on Saturday increased the price of petrol and diesel by 25 and 21 paisa, respectively, completing three weeks of everyday rise.   This has led the price of petrol to Rs
  • Diesel to surpass petrol prices for 1st time in India
    New Delhi, June 23 (IANS): In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time. Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices low
  • Petrol nears Rs 80 mark, diesel at new high after 16th price hike in a row
    New Delhi, June 22 (PTI): Petrol price on Monday was hiked by 33 paise per litre and diesel by 58 paise to take retail rates to record high as the oil companies increased prices for the 16th day in a row.   In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.   Petrol price in Delhi was hiked to Rs 79.56 per litre from Rs 79.23 w
  • Petrol, diesel price rise continues through the fortnight
    New Delhi, June 20 (IANS): Petrol and diesel prices continued to rise through the fortnight with the two auto fuels getting dearer by 51 and 61 paise per litre respectively on Saturday.   This is the 14th day of fuel price rise since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days during the lockdown.   With the latest increase, petrol is being retailed at Rs 78.88 per litre and diesel at Rs 77.67 a litre in Delhi. This
  • Fuel prices rise over Rs 4/litre since resumption of daily revision
    New Delhi, June 14 (IANS): Fuel prices recorded eighth consecutive hike on Sunday, taking the total increase since the resumption of the dynamic price revision system to more than Rs 4 per litre.   In the national capital, petrol price rose by 62 paise on Sunday to Rs 75.78 per litre, and that of diesel by 64 paise to Rs 74.03 per litre.   Since the dynamic price revision resumed on June 7, prices of petrol and diesel have increased by Rs 4.52 and Rs 4.64 per litr
  • Fuel prices may rise by Rs 5/litre after daily revision restarts
    NEW DELHI, MAY 28 (IANS): Be ready to face up to Rs 4-5 per litre increase in the pump price of petrol and diesel next month with public sector oil marketing companies bracing up to restart daily price revision of the two petroleum products after the lockdown is lifted in June.   Official sources in public sector oil marketing companies said that all fuel retailers had a meeting last week to evaluate the situation and prepare the roadmap for restarting daily fuel revision ex