7.20 per liter for 12 days. Despite rising crude oil prices in the international market, the country has not raised fuel prices ahead of the elections. But the government has allowed oil companies to raise fuel prices after five state elections.
Public sector oil companies IOC, Bharat Petroleum Corporation and HPCL have been hit hard by fuel prices in the country for months. There were reports that the losses of such companies could cross Rs 19,000 crore. It is in this context that companies are prone to price increases.
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Along with the increase in fuel prices, there is also an increase in the price of cooking gas. The price was hiked by Rs 50 per domestic cylinder last week to Rs 13 per five-kg cylinder. The price of commercial cylinders was increased by Rs 250 last day.
Fuel prices in major cities
In New Delhi, the revised price for a liter of petrol is Rs 102.61. 93.87 per liter of diesel. In Mumbai, a liter of petrol costs Rs 117.57 and a liter of diesel Rs 101.79. In Thiruvananthapuram, a liter of petrol costs Rs 114.14 and a liter of diesel Rs 101. In Kochi, petrol is priced at Rs 111.67 per liter. Diesel is priced at Rs 98.76 per liter. Kozhikode: Petrol price reached Rs 100 on August 5. Today, a liter of petrol costs Rs 112.14 and diesel Rs 99.23.
| City | Petrol (Rs.) | Diesel (Rs.) |
| Thiruvananthapuram | 114.14 | 101 |
| Cochin | 111.67 | 98.76 |
| Kozhikode | 112.14 | 99.23 |
| New Delhi | 102.61 | 93.87 |
| Mumbai | 117.57 | 101.79 |
Crude oil prices
Crude oil prices are falling in the international market. It is trading at $ 104.4 a barrel. The rupee had closed at 75.95 against the dollar in yesterday’s trade. At the Interbank Foreign Exchange (Forex) market, the rupee was trading at 75.92 a dollar. Yesterday it was Rs 75.92.
