Categories: Economy

Petrol prices now on the run while diesel remains steady

After a long pause, it's now the turn of petrol to face a regular increase in retail prices while diesel prices are remaining steady.

In the national capital, petrol prices rose for the second consecutive day by 16 paise to Rs 80.73 a litre. Pump prices of petrol have risen 14 paise a litre breaking from a 47-day long pause since June 29.

This even as diesel prices, which have maintained a regular increase since late June, are now holding on to the retail price line for the last two weeks.

Sources in oil marketing companies (OMCs) said that international petrol prices were on a boil now resulting in revisions on its prices while diesel remained steady.

Even in India, diesel consumption in August has witnessed a slowdown in a clear indication that economic activity remains muted during Covid-19 pandemic.

The latest price hike comes at a time when crude oil prices have been rising and the Brent crude is trading around $45 per barrel.

Prices of petrol in the other key metros were also revised upwards today..

AddThis Website Tools
IANS

Recent Posts

Taiwan bolsters combat readiness, prepares for ‘war of endurance’ against China threatTaiwan bolsters combat readiness, prepares for ‘war of endurance’ against China threat

Taiwan bolsters combat readiness, prepares for ‘war of endurance’ against China threat

Taiwan's military is prioritising combat readiness as a key aspect of deterrence due to escalating…

1 day ago
“When every state is Viksit, India will be Viksit”: PM Modi at NITI Aayog Governing Council meeting“When every state is Viksit, India will be Viksit”: PM Modi at NITI Aayog Governing Council meeting

“When every state is Viksit, India will be Viksit”: PM Modi at NITI Aayog Governing Council meeting

Calling for an increase in the speed of development, Prime Minister Narendra Modi said on…

1 day ago
Scottish Parliament opposes Chinese interference in Dalai Lama’s reincarnationScottish Parliament opposes Chinese interference in Dalai Lama’s reincarnation

Scottish Parliament opposes Chinese interference in Dalai Lama’s reincarnation

The Scottish Government has reaffirmed its commitment to supporting religious freedom and human rights for…

1 day ago
Baloch American Congress President urges PM Modi to back Free Balochistan movementBaloch American Congress President urges PM Modi to back Free Balochistan movement

Baloch American Congress President urges PM Modi to back Free Balochistan movement

Tara Chand Baloch, the President of the Baloch American Congress and a former Cabinet minister…

1 day ago
New study identifies blood molecules that could revolutionise teen depression diagnosisNew study identifies blood molecules that could revolutionise teen depression diagnosis

New study identifies blood molecules that could revolutionise teen depression diagnosis

In a groundbreaking study, researchers from McGill University have identified nine biological markers in the…

2 days ago
India rebuts Pakistan’s disinformation on Indus Water Treaty at UNSCIndia rebuts Pakistan’s disinformation on Indus Water Treaty at UNSC

India rebuts Pakistan’s disinformation on Indus Water Treaty at UNSC

India, in a firm and unequivocal statement at the United Nations Security Council (UNSC), accused…

2 days ago