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Petrol, diesel prices shoot up in Hyderabad

Petrol, diesel prices shoot up in Hyderabad

Diesel prices are now Rs66.57 in New Delhi, Rs69.11 in Kolkata, Rs70.88 in Mumbai and Rs70.25 in Chennai today.

Nepal Oil Corporation has hiked Rs 2 per litre in petrol, diesel, kerosene effective from Wednesday midnight, official at the NOC said.

According to Telangana Petroleum Dealers Association, during the last three days, fuel prices were increased by 32 paise on petrol and 72 paise on diesel. With that, petrol prices in Delhi are less than 1 per cent away from an all-time high of Rs 76.06 per litre, recorded in September 2013.

Petrol price in Kolkata today: While in Kolkata, petrol price stood at Rs 78.01 per litre up by 22 paisa compared to previous day price of Rs 77.79 per litre.

The oil marketing copanies (OMCs) IOC, BPCL and HPCL got on with hiking petrol prices from Monday onward, for the first time since April 24 after the conclusion of the Karnataka election voting. "The daily increase would have to be higher than normal to reach the true market reflective prices for these two products", said a source in an oil marketing company, asking not to be named.

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The politically risk-free hike not only raised questions about the so-called policy to deregulate energy prices but was also criticised by the Opposition as the worst form of trickery on the people. The situation is no different in other parts of the country.

The oil companies set the prices of petrol and diesel depending upon the price of crude oil in the global market.

For a diesel auto with the same sized tank will cost £9 more to fill than it did back in August 2016, when fuel prices were just 111.9p per litre.

More than one in eight (13 per cent) say the cost of fuel is making them consider buying a hybrid auto, while nearly a tenth (9 per cent) are considering switching to electric.


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