• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, May 10, 2025
28 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Italian International: Alcaraz 'passes test' in Rome opener, Passaro upsets Dimitrov

    Italian International: Alcaraz 'passes test' in Rome opener, Passaro upsets Dimitrov

    KIYG 2025: Odisha Kho-kho girls steal spotlight; Aditi Hegde completes 7-medal haul (Round-up)

    KIYG 2025: Odisha Kho-kho girls steal spotlight; Aditi Hegde completes 7-medal haul (Round-up)

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Italian International: Alcaraz 'passes test' in Rome opener, Passaro upsets Dimitrov

    Italian International: Alcaraz 'passes test' in Rome opener, Passaro upsets Dimitrov

    KIYG 2025: Odisha Kho-kho girls steal spotlight; Aditi Hegde completes 7-medal haul (Round-up)

    KIYG 2025: Odisha Kho-kho girls steal spotlight; Aditi Hegde completes 7-medal haul (Round-up)

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Petrol, diesel price move up by a higher margin

ENEWSTIME Desk by ENEWSTIME Desk
November 27, 2020
in Business
30
VIEWS
Share on FacebookShare on Twitter

Petrol and diesel rates rose sharply on Friday as global oil prices remained firm reaching its highest levels this fiscal.

ADVERTISEMENT

Petrol price increased by 19 paise per litre to Rs 81.89 per litre on Friday from Rs 81.70 per litre on the previous day.

Diesel price, on the other hand, increased by a higher margin of 24 paise to Rs 71.86 a litre, up from Rs 71.62 a litre on the previous day.

Oil companies began increasing pump prices of the two petroleum products from last Friday after a nearly two-month-long hiatus in the fuel price revision. The prices increased for five consecutive days before going for a day’s pause on Wednesday. It has risen on both days thereafter.

In five days, petrol price has gone up by 53 paise and diesel rate has risen by 95 paise per litre. With Friday’s increase, petrol price has now risen by 83 paise per litre and diesel by Rs 1.40 a litre since last Friday.

ADVERTISEMENT

Petrol price had been static since September 22, and diesel rate hadn’t changed since October 2.

Though the retail pricing of petrol and diesel has been deregulated and oil marketing companies were following a daily price revision formula, the same was suspended for almost two months to prevent the volatility in the international oil markets from impacting the fuel prices regularly during the pandemic.

But with crude on the boil again on the news of a successful coronavirus vaccine launch soon, the patience was lost by the OMCs who finally resorted to the price increase to cover for their under recovery on the sale of two petroleum products.

The benchmark Brent crude has crossed $48 a barrel on the Intercontinental Exchange (ICE). It has remained over $ 43 a barrel for most part of November.

OMCs need almost 40 paise per litre increase in the retail price of petrol and diesel to cover for $ 1 increase in crude. Going by this yardstick, the product prices would have to be increased by up to Rs 2 per litre to cover the under recovery on its sale.

Related Posts

CCPA issues 13 notices to digital marketplaces against listing, sale of walkie-talkies
Business

CCPA issues 13 notices to digital marketplaces against listing, sale of walkie-talkies

May 10, 2025
US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty
Business

US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty

May 10, 2025
Shivraj Singh Chouhan assures adequate food supplies amid rising India-Pakistan tensions
Business

Shivraj Singh Chouhan assures adequate food supplies amid rising India-Pakistan tensions

May 10, 2025
Manappuram Finance clocks Rs 191 crore net loss in Q4, NII declines 6.7 pc
Business

Manappuram Finance clocks Rs 191 crore net loss in Q4, NII declines 6.7 pc

May 10, 2025
Enough rice, wheat, sugar, oil and pulses stock, no need to panic: Pralhad Joshi
Business

Enough rice, wheat, sugar, oil and pulses stock, no need to panic: Pralhad Joshi

May 10, 2025
Explained: India's abstention during IMF vote on Pakistan loan
Business

Explained: India's abstention during IMF vote on Pakistan loan

May 10, 2025
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Loud blasts cause panic in J&K's Srinagar, Akhnoor areas

Italian International: Alcaraz 'passes test' in Rome opener, Passaro upsets Dimitrov

Harrdy Sandhu on song ‘Noor’: Shehnaaz Gill embodies very quintessence of the song

CCPA issues 13 notices to digital marketplaces against listing, sale of walkie-talkies

Three more persons held in Assam for 'Pro-Pakistan' stand

South Korean DP candidate says strong relations with Japan vital to economy, security

Contact us

ssss

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP