Fuel prices in the country have been stagnant for months as the government has slashed petrol and diesel tariffs. As a result, public sector oil companies IOC, Bharat Petroleum Corporation and HPCL There were reports that the losses of such companies could cross Rs 19,000 crore. It is in this context that companies are now pushing for price hikes.
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. It is noteworthy that despite the fall in international crude oil prices, petrol and diesel prices have continued to rise in the country.
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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 and by 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 105.41. 96.67 per liter of diesel. In Mumbai, a liter of petrol costs Rs 120.51 and a liter of diesel Rs 104.77. In Thiruvananthapuram, a liter of petrol costs Rs 116.32 and a liter of diesel Rs 103.95. In Kochi, petrol is priced at Rs 114.65 per liter. Diesel is priced at Rs 101.64 per liter. Kozhikode: The petrol price reached Rs 100 on August 5. Today, a liter of petrol costs Rs 115.13 and diesel Rs 102.12.
| City | Petrol (Rs.) | Diesel (Rs.) |
| Thiruvananthapuram | 117.19 | 103.95 |
| Cochin | 114.65 | 101.64 |
| Kozhikode | 115.13 | 102.12 |
| New Delhi | 105.41 | 96.47 |
| Mumbai | 120.51 | 104.77 |
Crude oil prices
Crude oil prices fell in international markets. It was trading at $ 106.8 a barrel. It was trading at $ 109 yesterday. The rupee had closed at 75.49 against the dollar in yesterday’s trade. The rupee had lost a record level against the dollar in the previous session. But then the rupee appreciated.
