NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Supreme Court Of India
    Central Bureau Of Investigation (CBI)
    Indian Army
    Indian Railways
    Indian Air Force
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / India News / Fuel prices touch record highs across India
    India

    Fuel prices touch record highs across India

    Fuel prices touch record highs across India
    Written by Gogona Saikia
    Jan 19, 2018, 10:55 am 2 min read
    Fuel prices touch record highs across India
    Credits

    Petrol prices in Delhi touched a three-year high yesterday, with every liter costing Rs. 71.56. The previous record was Rs. 73.60 in July'14. The same day, the per-liter price was Rs. 79.44 in Mumbai, Rs. 74.20 in Chennai and Rs. 74.28 in Kolkata, marginally less than their previous highs. Diesel prices also rose similarly, thanks to global factors like production curbs and high demand.

    Diesel prices break all-time records in Delhi, Kolkata, Chennai

    In Delhi, diesel cost an all-time high of Rs. 62.25. Similar records were broken in Kolkata and Chennai too, at Rs. 64.91 and Rs. 65.63 per liter respectively. In Mumbai, diesel cost Rs. 66.30 a liter, the highest since August'14 when it hit Rs. 66.63.

    A combination of factors have led to the rising costs

    Fuel prices have risen globally to $70 a barrel on the back of increased demand and production restrictions. In India, the daily price revision policy ensures changes in rates are reflected immediately rather than after 15 days. There's been a rise in the Indian basket of imported crude oil too. Petroleum products aren't included in GST either, and prices vary at different locations.

    'We're keeping a watch,' says Oil Min, but no action

    Oil Minister Dharmendra Pradhan remained non-committal, merely saying the government is keeping a watch. He clarified taxes come under the finance ministry, but didn't say whether he had talked to them to reduce excise duty. Fuel prices have been rising since December 15, 2017. The NDA government has cut excise duty just once, but prices have touched new highs afterwards.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Latest
    India
    Mumbai
    Delhi
    Petrol Diesel Prices

    Latest

    PM Modi, Zelenskyy meet for 1st time since Russia-Ukraine war Narendra Modi
    Iran executes 3 anti-government protesters despite international outrage Iran
    Citroen C3X sedan to arrive in 2024: What to expect Citroen
    'Tarla' to 'Duranga': ZEE5 unveils 111 titles in new slate ZEE5

    India

    India registers 782 new COVID-19 cases, 6 deaths COVID-19
    COVID-19 update: India logs 865 new cases, 4 deaths COVID-19
    How much money you need to be among wealthiest 1% Monaco
    US court grants Mumbai terror attack accused Tahawwur Rana's extradition Lashkar-e-Taiba

    Mumbai

    Shoaib reacts to trolls who call Dipika Kakar's pregnancy fake Dipika Kakar
    'Bigg Boss' contestant Ajaz Khan granted bail; walks out today Ajaz Khan
    Sameer Wankhede owns 4 flats, made multiple foreign trips: Report Narcotics Control Bureau
    Mumbai witnesses Zero Shadow Day: What exactly is that Mumbai

    Delhi

    Centre's big move: Issues ordinance on Delhi services Bharatiya Janata Party (BJP)
    Delhi L-G can destabilize elected MCD by appointing aldermen: SC Supreme Court Of India
    Turbulence on Delhi-Sydney Air India flight leaves 7 passengers injured Air India
    IMD predicts light rain in Delhi, dust storms to continue  India Meteorological Department (IMD)

    Petrol Diesel Prices

    Sensex slips nearly 130 points, Nifty settles below 18,150 mark Sensex
    Sensex closes flat around 61,760, Nifty remains above 18,260 mark Sensex
    Petrol, diesel become slightly cheaper in Maharashtra and West Bengal Nirmala Sitharaman
    Fuel prices revised in Mumbai, other major cities: Check rates Nirmala Sitharaman

    Love India News?

    Subscribe to stay updated.

    India Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023