Fuel price stability hurts marketing margins
March 15, 2021
The capacity utilisation of Indian refineries has been low due to Covid-19 impact - istock.com/virojt
The capacity utilisation of Indian refineries has been low due to Covid-19 impact - istock.com/virojt×
Despite surge in crude prices, retail prices remain flat ahead of the elections
After having consistently risen throughout January and February, retail prices of diesel and petrol in March are enjoying their longest period of stability this year.
The prices of diesel in New Delhi and Mumbai have stayed at ₹81.47 per litre and ₹88.6 per litre, respectively, for 16 days till Monday. Closer to the ₹100-mark, the price of petrol has remained at ₹91.17 per litre and ₹97.57 per litre in New Delhi and Mumbai, respectively.
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Consumers in choppy waters as petrol, diesel prices rise
February 09, 2021
Onus now on Central government to lower excise duty
Rising crude prices are once again pushing up petrol and diesel prices for Indian consumers, with the pressure mounting on the Central government to lower excise duty.
On Tuesday, after remaining stable for three days, the retail selling price of petrol and diesel in Mumbai rose to a record high of ₹93.83 per litre and ₹84.36 per litre, respectively.
Brent crosses $60
Prices have been soaring in January as global crude prices have climbed up. On Monday, Brent crude for April had crossed the $60 mark, and is likely to rise further as oil producing nations restrict their supply.
Government in a spot as fuel prices deliver a ‘crude’ blow
January 27, 2021
In at least one city, the price of petrol briefly breached the eye-popping ₹100-per-litre mark
Record-high petrol and diesel prices have caught the government in a bind. On a steady climb since October last year, prices of both the fuels have broken all previous records in the past few days. In at least one city, the price of petrol briefly breached the eye-popping ₹100-per-litre mark.
“Crude prices are still in the $55-60 range per barrel, which does not justify such a high retail price for Indians,” said Urvisha Jagasheth, Research Analyst at CARE Ratings.