Fuel prices to remain unchanged: Radebe


There will be no full petrol price increase in September 2018, according to a report by BusinessTech.

Diesel prices also rose to record highs on Monday. While situation in India seems much worse - with rupee falling to Rs 71.12 against dollar and fuel prices touching all-time high - neighbouring countries like China, Nepal, Sri Lanka and Pakistan are also bearing the brunt of high crude oil prices. On that day, the rate in Mumbai was Rs 86.24 per litre. Mumbaikars are already frustrated with low mileage and extra fuel consumption due to road congestion, and vehicle speeds dropping to 10kmph on express highways during peak hours.

The Energy Department has announced that the petrol price will go up by 5 cents a litre on Wednesday.

Petrol and diesel prices in the country have touched their highest levels on Monday.

Diesel rates on Monday were hiked by 39 paise a litre, the steepest increase since the daily revision in prices was introduced in mid-june 2017.

Jose Mourinho delighted Manchester United fans at Old Trafford on Friday night
It was United's highest finish (2nd) and best points tally (81) since Sir Alex Ferguson retired - it was also a tally that would have won the Premier League title in 2010/11, 2012/13, 2014/15 and 2015/16.

There is no price increase for diesel or illuminating paraffin.

A break-down of fuel pricing in Delhi, according to the International Olympic Committee chart below, shows that at the exchange rate of Rs 69.76 against the USA dollar, as on August 27, the levies on petrol, including excise duty imposed by the centre, state value-added tax (VAT) and dealer commissions accounted for more than the cost of the fuel itself, or about 51% of the price that a buyer pays for a litre of petrol.

Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the USA dollar. Rupee is at an all-time low of Rs 71 while crude oil has gained $7 a barrel in the last two weeks.

CNG now costs ₹42.60 per kg in Delhi and ₹49.30 per kg in Noida, Greater Noida and Ghaziabad.