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Fuel rates hiked again, petrol at Rs 105.84/ltr in Delhi
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SME Times News Bureau | 17 Oct, 2021
Petrol and diesel prices on Sunday rallied to their
highest ever levels across the country, as fuel rates were hiked again
by 35 paise a litre.
The price of petrol in Delhi rose to its
highest-ever level of Rs 105.84 a litre and Rs 111.77 per litre in
Mumbai, according to a price notification of the state-owned fuel
retailers. In Mumbai, diesel now comes for Rs 102.52 a litre; while in
Delhi, it costs Rs 94.57.
This is the fourth straight day of 35
paise per litre increase in petrol and diesel prices. There was no
change in rates on October 12 and 13.
Diesel prices have now increased 19 out of the last 23 days taking up its retail price by Rs 5.95 per litre in Delhi.
With
diesel prices rising sharply, the fuel is now available at over Rs 100 a
litre in several parts of the country. This dubious distinction was
earlier available to petrol that had crossed Rs 100 a litre-mark across
the country a few months earlier.
Petrol prices had maintained
stability since September 5, but oil companies finally raised the pump
prices last week. Petrol prices have also risen on 16 of the previous 19
days taking up its pump price by Rs 4.65 per litre.
OMCs had
preferred to maintain their watch prices on the global oil situation
before making any revision in prices. This is the reason why petrol
prices were not revised for the last three weeks. But extreme volatility
in the global oil price movement has now pushed OMCs to effect the
increase.
Crude price has been on a surge rising over three year
high level of over $ 84.6 a barrel now. Since September 5, when both
petrol and diesel prices were revised, the price of petrol and diesel in
the international market is higher by around $9-10 per barrel as
compared to average prices during August.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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