By Malvika Gurung
Investing.com -- According to a price notification released by state-owned fuel retailers, the prices of petrol and diesel were hiked for different cities across the country on October 14, after the OMCs (oil marketing companies) raised it.
About two days back, the Brent crude (the global benchmark for oil) price jumped to $84.38 per barrel, its highest in three years, as a result of OPEC+ declaring to not raise its output over 0.4 million barrels/day. Consequently, fuel prices are increasing at alarming rates.
A direct impact was seen on October 14, when OMCs hiked the prices of petrol and diesel across different cities in India, after maintaining them at stable prices for two successive days.
Post revision, the price of petrol has been hiked by 35 paise/litre and diesel by 37 paise/litre, as per the state-owned fuel retailers’ price notification.
Processing these hikes, Delhi now witnesses its highest-ever petrol and diesel prices at Rs 104.79/litre and Rs 93.52/litre, on October 14.
In the country’s financial hub, the petrol prices touched a fresh high of Rs 110.75/litre. Diesel prices also went up to Rs 101.40/litre in the city.
In Kolkata, petrol now retails at Rs 105.43/litre, while diesel at Rs 96.6/litre. In Chennai, a litre of petrol now costs Rs 102.10, while diesel, Rs 97.93.
The prices of petrol and diesel vary state-wise, depending upon the incidence of local taxes.
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Electric Car CONCEPT bhi to Chalana Hai...!!! wo bhi Sucessfully. :) ;) ;)Like 1
increase in oil prices follow high inflation in india..High inflation leads increase in transport cost.increase in transport cost leads to increase in prices of goods and services..people in India earn less and spend more now a days now a days .. unemployment increases... Education system collapsed..having a lots of problem in our country.. government not having fund to spend to solve this issues..but still market are making new highs every day..This is india .. our PM meet to well know Broker in india.. something unpredictable..Like 1
Saaaabbbb changaaa siiiiiiiiiiiiLike 1
in Alibag also 110.80Like 0
in Andhra people is sufferedLike 0
in my home town(andhra pradesh) 110.51 last 5 days back... it higher to compare with mumbai.Like 0
stop buying cars scooter any vehicle for 3 months then see how govt reduce the price..we all don't do anything other than just saying oh no oh god 😀😀😀Like 1
people of this country India will pay even 200 cuz they want. to help govt to pay salary of govt employees and other projects which are full of scam..so news will keep on come..dialy update news .. nothing else people can doLike 1
Bangalore has reached 108.01 yesterday... more on this is definitely unacceptable as it puts a huge dent in public pocketsLike 2