• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, May 10, 2025
34 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    India bag gold, silver and bronze at Archery World Cup Stage 2

    India bag gold, silver and bronze at Archery World Cup Stage 2

    Arsenal have been better in Europe but taken a step back in Premier League, says Arteta

    Arsenal have been better in Europe but taken a step back in Premier League, says Arteta

    Virat Kohli mulls Test retirement, BCCI urges reconsideration ahead of key tours

    Virat Kohli mulls Test retirement, BCCI urges reconsideration ahead of key tours

    On Pak PM's advice, PCB postpones remaining matches of PSL 10

    On Pak PM's advice, PCB postpones remaining matches of PSL 10

    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

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    India bag gold, silver and bronze at Archery World Cup Stage 2

    India bag gold, silver and bronze at Archery World Cup Stage 2

    Arsenal have been better in Europe but taken a step back in Premier League, says Arteta

    Arsenal have been better in Europe but taken a step back in Premier League, says Arteta

    Virat Kohli mulls Test retirement, BCCI urges reconsideration ahead of key tours

    Virat Kohli mulls Test retirement, BCCI urges reconsideration ahead of key tours

    On Pak PM's advice, PCB postpones remaining matches of PSL 10

    On Pak PM's advice, PCB postpones remaining matches of PSL 10

    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

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

Petrol prices on upswing, poised to breach all-time high across country

ENEWSTIME Desk by ENEWSTIME Desk
December 6, 2020
in Business
30
VIEWS
Share on FacebookShare on Twitter

Auto fuel prices are on the upswing in the country with the pump price of petrol set to breach all-time high levels next week.

ADVERTISEMENT

The oil marketing companies (OMCs) on Sunday increased the retail price of petrol by 28 paise per to Rs 83.41 a litre in Delhi. Similarly, diesel price also increased by 29 paise a litre to Rs 73.61 a litre.

With this, the current price of petrol in Delhi is just about 60 paise short of breaching the all-time high level of fuel of Rs 84 a litre reached on October 4, 2018. Given the rate the daily increase by OMCs, the milestone may be achieved early next week.

Across the country as well, the retail price of petrol is very close to all-time high levels and will breach the mark this week if retail prices continue to rise daily. In Mumbai, the all-time high petrol price was Rs 91.34 a litre recorded on October 4, 2018. The retail price of petrol there now is Rs 90.05.

The all-time high petrol price in Chennai and Kolkata has been Rs 87.33 and Rs 85.80 a litre and the current prices are Rs 86.25 and Rs 84.90 a litre respectively.

ADVERTISEMENT

Ironically, the consistent increase in retail prices of the auto fuels — petrol and diesel — over the past fortnight taking it closer to all-time high levels comes at a time when the crude prices are almost $ 30 a barrel less than what was in October 2018, when petrol prices reached all time high levels last.

Global crude prices have firmed up recently over the news of successful coronavirus vaccine. It has risen almost $ 10 a barrel in the last one month to reach closer to $ 50 a barrel now. But even at this level, it is far less than the average crude price of $ 80.08 a barrel in October 2018 when petrol prices reached a high of Rs 84 a litre in the Capital.

With Sunday’s increase, fuel prices have now increased on 14 of the past 17 days as the petrol price rose by Rs 2.35 per litre and diesel by 3.15 a litre. Petrol price had been static since September 22, and diesel rates hadn’t changed since October 2.

Though 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 volatility in international oil markets from impacting fuel prices regularly during the pandemic.

But with crude on the boil again on news of a successful coronavirus vaccine launch soon, the patience was lost by OMCs who finally resorted to 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) lately. It has remained over $ 44 a barrel for most part of November.

Related Posts

US conducting security impact probe into imported aircraft, jet engines, parts
Business

US conducting security impact probe into imported aircraft, jet engines, parts

May 10, 2025
SBI, PNB other banks say ATMs, digital services operating smoothly
Business

SBI, PNB other banks say ATMs, digital services operating smoothly

May 10, 2025
India-Pakistan tensions trigger selloff in stock markets, Sensex falls 880 points
Business

India-Pakistan tensions trigger selloff in stock markets, Sensex falls 880 points

May 10, 2025
SBI to sell 13.19 pc stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore
Business

SBI to sell 13.19 pc stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore

May 10, 2025
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
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

'Operation Sindoor' befitting response to 'Modi ko bata dena' challenge, says retired Indian Army Lt Gen (IANS Interview)

India bag gold, silver and bronze at Archery World Cup Stage 2

Indian armed forces destroy Pakistani posts, launch pads; intercept multiple Pakistani drones

Pratik Gandhi: May the peace and humanity win over terrorism

US conducting security impact probe into imported aircraft, jet engines, parts

North Korea's Kim says participation in Russia's war against Ukraine justified

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