Petrol and diesel prices on Saturday went all-time high across the nation as the rates were hiked yet again by 35 paise per litre. Now, it is another day of fuel prices proving that they are creepers as they are increasing with each passing day.

In the national capital, the prices of petrol and diesel were increased by 0.35 paise and the cost of petrol in the NCR region is Rs 107.24 per litre and the rate of diesel in Delhi is Rs 95.97 per litre.

In the financial capital, the prices went up and it now stands at an all-time high. The rate of petrol in Mumbai is Rs 113.12 per litre and the rate of diesel is Rs 104.00 per litre.

Whereas in Chennai, the petrol price stands at Rs 104.22 per litre and the rate of diesel is Rs 100.25 per litre.

The petrol price in Bhopal, Madhya Pradesh is Rs 115.90 per litre and the rate of diesel is Rs 105.27 per litre. The rates of petrol were hiked by 36 paise, and the diesel rate was hiked by 38 paise in Bhopal.

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Here are the city-wise petrol and diesel price on October 23:

Thiruvananthapuram

Petrol – Rs 109.49 per litre
Diesel – Rs 103.14 per litre

Lucknow

Petrol – Rs 104.20 per litre
Diesel – Rs 96.42 per litre

Gandhinagar

Petrol – Rs 104.12 per litre
Diesel – Rs 103.65 per litre

Bangaluru

Petrol – Rs 110.98 per litre
Diesel – Rs 101.86 per litre

Guwahati

Petrol – Rs 103.23 per litre
Diesel – Rs 95.76 per litre

Kolkata

Petrol – Rs 107.78 per litre
Diesel – Rs 99.08 per litre

Hyderabad

Petrol – Rs 111.55 per litre
Diesel – Rs 104.70 per litre

The price of petrol and diesel are revised by the oil marketing companies like Hindustan Petroleum, Indian Oil, Bharat Petroleum and other companies. These prices vary from city to city and the new prices are implemented at 6 am every day.

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It wouldn’t be wrong to say that petrol and diesel prices are like creepers now, as they are growing along the ground with each passing day. This is the seventh consecutive day when the prices of petrol and diesel went up across the nation due to the rising crude oil prices in the international market. The price of petrol went up by 30 paise and the price of diesel went up by 35 paise.

In the national capital, the price of petrol stands at Rs 104.44 per litre, on the other hand, the price of diesel stands at Rs 93.17 per litre, according to Indian Oil Corporation.

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In Mumbai, the petrol price now stands at Rs 110.41 per litre and the price of diesel is Rs 100.29 per litre.

Here is the list of petrol and diesel prices in different cities in India:

Kolkata – Petrol: Rs 105.09, diesel: Rs 96.28

Chennai – Petrol: Rs 101.79, diesel: Rs 97.59

Bengaluru – Petrol: Rs 108.08, diesel: Rs 98.89

Ahmedabad – Petrol: Rs 100.91, diesel: Rs 100.4

Bhopal – Petrol: Rs 112.69, diesel: Rs 101.91

Chandigarh – Petrol: Rs 100.24, diesel: Rs 92.55

Dehradun – Petrol: Rs 100.29, diesel: Rs 93.67

Hyderabad – Petrol: Rs 108.33, diesel: Rs 101.27

Pune – Petrol: Rs 109.66, diesel: Rs 98.67

Delhi – Petrol: Rs 104.44, diesel: Rs 93.17

Mumbai – Petrol: Rs 110.41, diesel: Rs 101.03

According to reports, the prices are unlikely to see a dip in the near future as the OPEC+ has already announced that they would stick to an existing pact for a gradual increase in oil output, Louise Dickson, senior oil markets analyst at Rystad Energy was quoted saying to Reuters that e rise of oil prices is continuing beyond what even most bullish traders would dream just months ago, it is because of the extraordinarily tight crude market.

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The prices of petrol and diesel skyrocketed on Friday and this is the second consecutive day when the price touched an all-time high. On October 1, the price of petrol went up by 25 paise in the national capital and the price of diesel went up by 30 paise.

According to the latest price revision, the petrol price in Delhi is now Rs 101.89 per litre and earlier, it was Rs 101.64 per litre. The price of diesel in Delhi is Rs 90.17 per litre, and earlier, it was Rs 89.87 per litre, according to the Indian Oil Corporation.

Meanwhile, the petrol in Mumbai is even more expensive as it has now crossed the mark of Rs 107.95 and the diesel is priced at Rs 97.84.

The price of petrol and diesel, itself gets revised by the state-run oil refineries like Bharat Petroleum, Indian Oil, and Hindustan Petroleum, they revise the price by taking account of the crude oil prices in international markets as well as the rupee-dollar exchange rates. The changes in price get effective from 6 am every day.

Here are the petrol and diesel prices in your city:

Kolkata: Petrol price- Rs 102.47 and Diesel price- Rs 93.27

Chennai: Petrol price- Rs 99.58 and Diesel price- Rs 94.74

Bengaluru: Petrol price- Rs 105.44 and Diesel price- Rs 95.70

Jaipur: Petrol price- Rs 108.88 and Diesel price- Rs 99.45

Lucknow: Petrol price- Rs 98.99 and Diesel price- Rs 90.59

Noida: Petrol price- Rs 99.21 and Diesel Rs 90.45.

In other news, a Haryana police constable died in an encounter while nabbing the criminals who fled to Uttarakhand’s Haridwar on Thursday night. The police have now arrested all the four criminals and one of them is admitted to AIIMS hospital, as he faced minor injuries in the encounter.

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Petrol and diesel rates hit fresh record highs for the 11th consecutive day on Friday. After the fresh hike of 31 paise per litre, the price of petrol in Delhi has crossed the Rs 90-mark and is now Rs 90.19 per litre, while the price of diesel has touched Rs 80.60 after a surge of 33 paise per litre.

In Mumbai, the price of petrol was Rs 96.32 per litre and diesel was Rs 87.32 on Thursday. Petrol price on Thursday had crossed the Rs 100-mark in Rajasthan and Madhya Pradesh.

In Chennai, the price of petrol has reached Rs. 92.25 per litre and diesel price has surged to Rs 85.63 per litre.

In Kolkata, petrol has crossed Rs 91 per litre-mark and diesel at Rs 84.19 per litre.

Petrol and diesel prices in Bengaluru are retailing at Rs 93.21 and Rs 85.44, respectively.

Meanwhile, in Jaipur, petrol and diesel prices have been hiked to Rs 96.69 and Rs 89.04 per litre.

Petrol and diesel prices have reached Rs 98.20 and Rs 88.84 per litre in Bhopal.

Branded or additive-laced petrol which attracts higher taxes had crossed the Rs 100 mark in some places in states like Madhya Pradesh, Maharashtra, and Rajasthan. While the regular petrol crossed record high mark in Sriganganagar town of Rajasthan on Wednesday, on Thursday it went past that mark in Madhya Pradesh.

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Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh.

Meanwhile, Twitter was agog with discussion on the increasing fuel prices and blaming the Congress. Similarly, Prime Minister Narendra Modi had blamed India’s continued dependence on fossil fuels on the Congress.

The post Brand new day, brand new fuel price: For the 11th consecutive day, or does it even matter? appeared first on APN News.

Panellists say that a broad-based solution that lowers petrol and diesel prices should emerge from the government soon

Prime Minister Narendra Modi will brainstorm with chief executives of top global and Indian oil and gas companies amid spiralling oil prices and the US threat to impose sanctions on nations buying oil from Iran. APN’s Mudda discussed the issue. Anchorperson Anant Tyagi posed questions to panellists including BJP’s Ashok Pandey, economist Sharad Kohli, Congress’s Saif Khan, automobile expert Jagdish Khattar, NCP’s Sushma Kohli and APN consultant Govind Pant Raju.

Pandey said: “Diesel and petrol prices were recently lowered. Today PM is holding a meeting on this issue. In China too, diesel prices have gone up, the whole world is reeling under this. It is definite that prices will soon come down.”

Khan said: “The BJP has been making a killing on petrol and diesel prices. Congress would plan subsidies to ease the burden of common man. The current dispensation is not doing so. What will be the result of the meeting? I am waiting to know that.”

Khattar said: “Around 70-80 percent oil is imported, prices are going up internationally. Consumption is not going to go down. Spiralling prices will pinch the common man.”

Raju said: “Subsidies are populist measures. But the reason for doing away with subsidy is due to both local and international scenarios. The government is distributing mobile phones, now isn’t this a misuse of public funds? The Congress is more worried about the government walking away with glory than the plight of the common man. Rahul Gandhi finds it easy to say that on coming to power, he will waive loans for farmers. How can that happen without it having a fallout on the overall economic scenario?”

Sushma Kohli said: “Elections are round the corner, prices are going up, and this is why the PM has called a meeting; to show that the government is doing something.”

Sharad Kohli said:”Subsidies are not given so easily. Today, if Congress was in power, the discussion would have been the same.”

Khan said: “What can the government do to ease the stress of the common man? In some places excise duty is more than doubled. If petrol and diesel prices are down, it will have a cascading effect on all-round prices. Prices in Nepal and Pakistan are far less than in our country.”

Khattar said: “We can’t talk of electricity vehicles so far. R&D is still going on. Meanwhile, we should look at hybrid options like CNG and other choices.”

Raju said: “It will take ages before other viable options can emerge.  Even their effect will take a long time. We can increase CNG availability, as people want immediate relief. Common man is not bothered about relations with US as that’s the government’s responsibility. The government should look at the larger picture.”

Pandey said: “The government is considering all options before it to lessen the common man’s burden. The best solution available will be known to all.”

Khan said: “The Congress was utilising government funds properly. In the last four years, the government has only raised prices, metro fares and so on.”

Shard Kohli said: “The government should bring out a white paper to tell people where money had been invested and spent so that people feel that increase in prices is justified. Transparency is needed from the government so that people’s anger can come down.”

—Compiled by Niti Singh Bhandari

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