In this story

Key figures, picked by EA AI

  • Price₹89.32
  • Cost₹101.19
  • Price, July₹1.25
  • Price, May₹11.44
  • Value₹9.14
Oil & Gas

Diesel price hiked consecutively for second day

Diesel price was hiked by 25 paise per litre, the third time rates have increased since last week, negating more than half of the price decline that happened in recent weeks.

Energy Asia Updated 2 min read

Quick read

EA AI summary
  • Diesel price was hiked by 25 paise per litre, the third time rates have increased since last week, negating more than half of the price decline that happened in recent weeks.
  • The price of diesel was hiked to ₹89.32 per litre in Delhi and to ₹96.94 in Mumbai, according to a price notification of state-owned fuel retailers.
  • Overall, diesel prices have gone up by 70 paise a litre, negating more than half the ₹1.25 a litre cut in prices that happened between July 18 and September 5.
  • State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had on September 24 resumed daily price revision, ending the pause in rates hit since September 5.
  • When international oil rates fell in July and August, retail prices of petrol and diesel in the Delhi market were reduced by ₹0.65 a litre and ₹1.25 per litre.

Summarised from this article by EA AI, Energy Asia’s in-house AI. Read the full story for complete context.

Have a question about this story? EA AI answers from the article itself.

Diesel price was hiked by 25 paise per litre, the third time rates have increased since last week, negating more than half of the price decline that happened in recent weeks. The price of diesel was hiked to ₹89.32 per litre in Delhi and to ₹96.94 in Mumbai, according to a price notification of state-owned fuel retailers.

Petrol price was not changed. It costs ₹101.19 a litre in Delhi and ₹107.26 in Mumbai.

This is the second straight day of increase in diesel prices and the third since September 24 when the state-owned oil firms ended a three-week hiatus in rates.

Overall, diesel prices have gone up by 70 paise a litre, negating more than half the ₹1.25 a litre cut in prices that happened between July 18 and September 5.

Prices have been hiked following international oil prices surging to their highest since 2018.

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had on September 24 resumed daily price revision, ending the pause in rates hit since September 5.

When international oil rates fell in July and August, retail prices of petrol and diesel in the Delhi market were reduced by ₹0.65 a litre and ₹1.25 per litre.

Prior to that, the petrol price was increased by ₹11.44 a litre between May 4 and July 17. Diesel rate had gone up by ₹9.14 during this period.

The price hike during this period pushed petrol prices above the ₹100-a-litre mark in more than half of the country, while diesel crossed that level in at least three states.

India is dependent on imports to meet nearly 85% of its oil needs and so benchmarks local fuel rates to international oil prices.

Related coverage