Fuel prices go up after two-month hiatus

DIMAPUR, NOV 20 (NPN) | Publish Date: 11/20/2020 11:52:03 AM IST

State-owned oil marketing companies (OMCs) increased the prices of petrol and diesel on Friday after nearly two-month-long hiatus in price revision. Petrol price was hiked by 17 paise per litre and diesel by 22 paise.

According to IOCL website, petrol price in Delhi was hiked to Rs 81.23 per litre from Rs 81.06 while diesel rates went up from Rs 70.46 to Rs 70.68 per litre.

After Friday’s  rate revision, petrol price in Dimapur was raised to Rs.84.09 per litre from Rs.83.94 per litre, while diesel price went up from Rs.74.15 per litre to Rs.74.36 per litre. 

In the state capital Kohima, petrol now costs Rs 84.93 per litre and diesel costs Rs.75.05 per litre.

This is the first revision in petrol prices since September 22. 

Diesel rates had not changed since October 2. Oil marketing companies-- IOC, BPCL and HPCL- revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.

They have, however, restored to calibrating the rates since the pandemic broke out with a view to avoiding volatility in retail prices.

The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates was preceded by no change in rates between June 30 and August 15 and a 52-day status quo between March 17 and June 6.


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