Petrol and diesel prices: When no change is not necessarily a welcome change

Seven consecutive days of no change in petrol and diesel prices has come as a massive relief for people at large at a time when successive jumps in the month of June got many to wonder if fuel prices would touch the three-figure mark for the first time. And yet, no change in petrol and diesel prices have also meant that there has been little in the way of relief from the dizzying high cost of purchasing either of the two fuels.

File photo used for representational purpose. (AFP)
File photo used for representational purpose.

In Delhi, for instance, a litre of petrol remains at a record high retail price of 80.43 while diesel is even more expensive here at 80.53. Delhi may be the only metropolitan where diesel is more expensive than petrol but across cities in the country, prices remain stubbornly high. In Mumbai, a litre of petrol and diesel costs 87.19 and 78.83, respectively. In Kolkata, the two fuels' rates are at 82.10 and 75.64 while in Chennai, these figures are at 83.63 and 77.72.

The rates differ from one place to the other due to the different VAT and excise imposed on the two fuels. Even then, prices of petrol and diesel is significantly higher across the country than these have been in quite some time now.

Also check these Cars

Find more Cars
Mahindra Xuv300 Turbo Sport (HT Auto photo)
₹ 10.35 - 12.9 Lakhs**Ex-showroom price
Add to compare
Check latest offers
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
2999 cc | Petrol | Automatic
₹1.3 Cr**Ex-showroom price
Add to compare
Maruti Suzuki Ytb (HT Auto photo)
₹7 - 11 Lakhs* *Expected Price
View Details
Maserati Mc20 (HT Auto photo)
₹3.69 Cr**Ex-showroom price
Add to compare
Check latest offers
Maruti Suzuki Baleno (HT Auto photo)
1197 cc | Petrol | Manual
₹ 6.5 - 10 Lakhs**Ex-showroom price
Add to compare
Check latest offers
Maruti Suzuki S-presso (HT Auto photo)
₹ 4.25 - 5.99 Lakhs**Ex-showroom price
Add to compare
Check latest offers

Oil marketing companies had resumed daily revision in fuel prices on June 7 after a hiatus lasting 83 days. While factors such has global oil prices often have an impact on fuel rates in India, these were hovering around $40 per barrel which is quite lower than previous rates. This led many to question just why petrol and diesel are as expensive as they are and most agree that central and state governments are attempting to generate revenue after tumultuous weeks of lockdown.

There has been quite a lot of political backlash over the past few weeks over fuel prices but these may have simmered down over the last few days. No change in fuel prices over the past week may have calmed flayed nerves but not many are denying that the sky-high prices remain a massive source of concern.

First Published Date: 06 Jul 2020, 16:31 PM IST
Recommended for you
View all
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing…
Rs. 269 Rs. 604
19% OFF
Involve Your Senses One Musk Organic Car Perfume, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g,Car Accessories interior car perfumes and fresheners
Rs. 324 Rs. 399
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
13% OFF
Jopasu Car Duster
Rs. 755 Rs. 869

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city