Diesel price was hiked by 20-22 paise per litre across the country on 24th September, marking the first increase in rates in over two months
However, petrol and diesel prices remained unchanged on September 25, according to a price notification by state-run oil companies. On 24th, while diesel prices saw a surge, petrol prices remained unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) hadn’t revised fuel rates since September 5 despite a rise in international oil prices.
The September 24 hike took the diesel price to Rs 88.82 per litre in Delhi. It has remained the same on September 25. Petrol costs Rs 101.19 a litre in the national capital on the day. In Mumbai, fuel prices witnessed a similar trend. The petrol price remained unchanged and retailed at Rs 107.26 a litre. Furthermore, on May 29, Mumbai became the first metro in the country where petrol was being sold for more than Rs 100 per litre. In addition, diesel prices also remained the same and sold at Rs 96.41 per litre in Maharashtra’s capital.
The fuel prices remain unchanged in Kolkata too. A litre of petrol and diesel were retailed at Rs 101.62 and 91.92, respectively.
Moreover, Chennai also retailed a litre of petrol at the same price i.e. Rs 98.96. Diesel price also remained unchanged at Rs 93.46 per litre in Tamil Nadu’s capital.
Significantly, since the last price revision in petrol on September 5, the price of the oils in the international market is higher by around $6-7 per barrel as compared to average prices during August.