Diesel Price In Andhra Pradesh Today

News About Diesel Price In Andhra Pradesh

• Jet Fuel Rates Hit a 7-month Low After Indian Oil Reduces The Price

  Indian Oil Corporation is one of the leading fuel retailer in the country. Recently, Indian Oil reduces the jet fuel prices for both international and domestic carriers. According to a statement releases by Indian Oil, on 01 December 2018, the jet fuel price for domestic airline in Delhi was reduced to Rs.68,050.97 per kiloliter. This is an 11% reduction compared to the previous month. The data also revealed that this is the lowest jet fuel price since 01 May 2018. However, in November 2018, jet fuel prices hit a 5-year high.

  

  6 December 2018

• Petrol Price Touch 90 Rupees in Maharashtra

  Petrol prices rose to touch Rs.90 per litre in Maharashtra on Tuesday. In a city located in eastern Maharashtra, Parbhani petrol costs Rs.90.05 a litre, while diesel costs Rs.77.92. In Mumbai, fuel prices were hiked as well with petrol being sold at Rs.88.26 a litre, up by 14 paise. Diesel prices were increased by 15 paise to cost Rs.77.47 in the financial capital. In Delhi, petrol prices were hiked as well with the fuel being sold at Rs.80.87 per litre, while diesel is available at Rs.72.97 per litre, a hike of 14 paise on both fuels. Rajasthan and Andhra Pradesh cut taxes to reduce fuel prices in their cities, while Andhra Pradesh decreased prices by Rs.2 a litre, Rajasthan reduced it by Rs.2.5 per litre on both petrol and diesel. Fuel prices are fixed by State-run oil companies and are revised every day under the dynamic fuel pricing mechanism. Oil companies fix petrol and diesel prices based on the global crude oil price and the exchange rate of rupee over the US dollar. Petrol and diesel prices have been on the rise since 15 August 2018 with the petrol price risen by Rs.3.73 a litre and diesel by Rs.4.25 since then.

  

  12 September 2018

• Mayawati Smashes the BJP Government for not Controlling Fuel Prices

  On Wednesday, 1/8/2018, Mayawati, who is the president of BSP, smashed the NDA government for increasing the price of gas, saying the rich will only be benefited. The President of BSP said in a press release that the NDA Government is concerned only about the rich in lieu of prolonging the relief to the poor. She further said that both diesel and petrol prices have already reached their record highs and the common people are struggling to pay the price. The increased gas price will overburden the common people further.

  

  3 August 2018

• Checkout Diesel Rates in Indian Metro Cities

  On Wednesday, diesel rates were not changed by the Indian fuel companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum. The fuel marketing companies today follow the system of dynamic fuel pricing in order to reset the price of diesel. The variations in the fuel rates are based on the USD/INR exchange rate and the price of crude oil. As on 25 July 2018, diesel rates stood at Rs.67.79 a litre in Delhi, Rs.70.48 a litre in Kolkata, Rs.71.97 a litre in Mumbai and Rs.71.59 a litre in Chennai respectively.

  

  27 July 2018

• The Crude Oil Import Bill for India has Increased by 57% in June 2018

  The crude oil import bill for India was up 57% to $12.73 billion in the month of June 2018. It was caused by a 60% rise in the cost of Brent crude oil. Brent Crude oil is considered as the benchmark for the 50% of the globe’s crude. Energy hungry India will reach in excess of 82% of its unrefined oil requirements via imports. Current Account Deficit and fiscal deficit for indigenous economy have been negatively impacted by the recent increased crude oil costs.

  During the first quarter of the current financial year 2018-2019, the total import bill in India was up 49% to $34.64 billion. It was $23.18 billion in the corresponding quarter last year. The Current Account Deficit of India is expected to hover between @22 billion to $31 billion in the present fiscal year completing on the 31st of March 2019. As per Petroleum Planning and Analysis Cell, which is the statistical wing of the Oil Ministry, the crude oil bill in India is expected to increase by 24% in the calendar year 2018-2019.

  

  18 July 2018

• Diesel Prices Reduced Further by 7 Paise

  Diesel prices were reduced further by 7 paise in Delhi. Country’s largest fuel retailer, on Thursday, announced diesel is sold at Rs.68.73 per litre in the National Capital, while in Mumbai diesel will be sold at Rs.73.17 a litre. Among the metros and most state capitals Delhi has the cheapest diesel price. Diesel prices differ from state-to-state based on the Value Added Tax (VAT) or local sales tax. The depreciation in diesel prices is attributed to lower crude oil prices in the global market and a weaker US dollar over other emerging currencies. Diesel prices have fallen by nearly 60 paise in Delhi in the last nine days. Along with the reduction in diesel prices, petrol price were cut by 9 paise in Delhi falling nearly by 80 paise in the last nine days.

  

  7 June 2018

• Diesel Price In India Today Remains Unchanged

  Diesel price in India today remained unchanged compared to the previous day in several state capitals of India. In the backdrop of higher international crude oil prices, diesel prices reached an all time high in the country.

  Supported by a recovery in the equities market and on a technical bounce, on Wednesday, the global crude oil edged up after the largest daily percentage drop in almost a year.

  New Delhi diesel price was available at Rs 64.82 per litre, Kolkata at Rs 67.51 per litre, Mumbai at Rs 69.02 per litre, and Chennai at Rs 68.38 per litre.

  Diesel was available in Bangalore at Rs 65.91 per litre, Bhopal at Rs 68.21 per litre, Bhubaneswar at Rs 69.54 per litre, Chandigarh at Rs 62.93 per litre, Dehradun at Rs 65.17 per litre, Gandhinagar at Rs 69.61 per litre, Hyderabad at Rs 70.43 per litre, Jaipur at Rs 69.12 per litre, Lucknow at Rs 65.01 per litre, Patna at Rs 69.44 per litre, Raipur at Rs 70.01 per litre, and Srinagar at Rs 68.14 per litre.

  

  3 April 2018

• Petrol Prices aligned to overseas Crude Oil Rates – says Indian Oil Company

  “The Indian petrol and diesel prices have been interlinked to international prices,” Said Sanjeev Sharma, who is the Chairman of Indian Oil Company. “In overseas markets, prices have been varying. They will be replicated in national prices. We should not take into the current market prices. No product rates should be co-related with international crude oil prices,” he added further.

  In some quarters, the government is said to have alleged that the government recommended state-run oil marketing businesses not to accelerate the rate of petrol. Through a few accounts, an increase of 45 paise justified in the rates of petrol and diesel was not transmitted. Fuel rates at Indian Oil Company, Hindustan Petroleum and Bharat Petroleum were down by 2-4 paise each day in the first 15 days of December 2017.

  

  2 February 2018

• Diesel Prices to Raise in Top Cities

  Over the last week, diesel rates in major cities enhanced to Rs.67.10 a litre. This is the maximum price recorded since 2014. The price of diesel was Rs.63.00 a litre in two prime cities – Chennai and Kolkata. The Brent Crude Oil rate, which is considered as the standard for Asia, may be blamed for this hike. Today, the price of Brent Crude Oil was $68.89 per barrel. From the last close, it was up by 0.4%.

  Currently, the Goods and Services Tax (GST) does not cover petrol and diesel, but it covers goods and services of all kinds. It has been reported that the government is willing to include kerosene, petrol and diesel under the GST regime. Moreover, it has been brought to the notice of the GST Council. If the GST is levied, petrol rates are envisioned to stabilise. The discussion on fuel rates has been carried forward to the forthcoming meeting.

  

  23 January 2018

• Government to Reduce the Excise Duty on Auto Fuels

  ICRA, a premier credit rating agency, said that the government is under pressure to cut down the excise duty on petrol to help soften the effect on consumers. When the OPEC had determined to reduce the crude oil production, Brent prices jumped 40% to $67 per barrel this month from $48 in the month of November 2016. This shall lead to gross under-recoveries on sensitive products raising to Rs.22000-25000 crore in the present financial year from the previous estimate of Rs.16000-20000 crore as per the ICRA report.

  The government of India is under pressure to reduce the central excise duty on auto fuels to reduce the fuel price for consumers. Over the last three months, crude oil rates have gone up by 28% from $52.3 per barrel in August-end. This price hike can be attributed to the extension of timeline for production cut back by a few non-OPEC countries and OPEC countries and supply disruptions. Ravichandran, Senior Vice President of ICRA, said that the spike in crude oil rates will lead to increasing in the working capital needs and short-run debt levels of oil marketing companies (OMCs).

  

  4 January 2018