NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

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

    Fuel prices touch record highs across India

    By Gogona Saikia
    Jan 19, 2018
    10:55 am

    What's the story

    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.

    Data

    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.

    Factors

    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.

    Government

    '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.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    India
    Mumbai
    Delhi
    Petrol Diesel Prices

    Latest

    Decoding SRH's highest team totals vs RCB in IPL Ishan Kishan
    'Drank a lot...battled loneliness': Vindu Dara Singh remembers Mukul Dev Celebrity
    CBFC approves 'Dhadak 2' after 16 cuts, modifies caste references  Central Board of Film Certification
    Counter-Strike maker to launch a brain chip later this year Neuralink

    India

    SC rift 'settled'? No rebel judge to hear key cases Supreme Court Of India
    Baby Moshe, 26/11 survivor, back in India after nine years Mumbai
    SC officials get washing allowance up to Rs. 21,000 annually Supreme Court Of India
    Pollution-free Diwali: Scientists to create electronic, reuseable firecrackers Supreme Court Of India

    Mumbai

    Virushka Mumbai reception: Here's everything that went inside Celebrity
    2008 Malegaon blasts: MCOCA charges dropped against Sadhvi Pragya, Purohit Maharashtra
    #ThatWas2017: 5 Bollywood weddings to remember in 2017 Bollywood
    14 killed in massive fire at Mumbai's Kamala Mills Maharashtra

    Delhi

    Fog disrupts flight, train and road traffic in Delhi Delhi Police
    Making disadvantaged youth employable, courtesy Delhi police Delhi Police
    Jigisha murder: Death sentence of convicts reduced to life imprisonment Delhi High Court
    Vijay Mallya declared 'proclaimed offender' in Kingfisher promotion case India

    Petrol Diesel Prices

    Petroleum Ministry considering home-delivery of fuel India
    'Petrol prices could go to just Rs. 30/liter in future' Technology
    Bengaluru's next epic service: Diesel-on-demand Bengaluru
    A week after daily price revision policy, petrol/diesel prices dip Delhi
    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 2025