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Petrol prices go up again

NE NOW NEWS by NE NOW NEWS
, August 18, 2020 4:04 pm
Fuel price

Representational image.

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Petrol prices have gone up again in the country improving its gap with diesel as global oil market flipped turning the cycle of price rise in favour of gasoline.

In Delhi, petrol prices increased for third consecutive day on Tuesday by 17 paisa to Rs 80.90 a litre. Pump prices of petrol rose by 14 paisa a litre on Sunday breaking a 47-day pause since June 29.

This was even as diesel prices, which maintained a regular increase since late June, was now holding on to the retail price line for the last two weeks.

Sources in oil marketing companies said that international petrol prices were on a boil now resulting in revision on its prices while diesel remained steady.

Even in India, diesel consumption in August has witnessed a slowdown in a clear indication that economic activity remained muted during Covid-19 pandemic.

The latest price hike comes at a time when crude oil prices have been rising and the Brent crude is trading around $45 per barrel.

Price of petrol in the other key metros were also revised upwards on Monday.

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Northeast Now is a multi-app based hyper-regional bilingual news portal. Led by a group of professionals, the digital news platform covers every inch of the eight states of northeast India and the five neighbouring countries. It is the first of its kind new media initiative in the northeast, and is based in Guwahati. As the political dynamics in the northeast is intricate and fluid, Northeast Now is always politically neutral.

 
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