Due to the surge in global crude oil prices, the prices of diesel, petrol, kerosene and jet fuel reached another high. The diesel prises have flared to a new record level.
State-owned oil companies sold diesel to retail consumers for Rs 59.70 a litre in Delhi on Monday at the highest ever price in the city. In Kolkata and Chennai, diesel prices were the highest since September 2014. In Mumbai, prices were the highest since March 2017.
Petrol prices in Delhi, Mumbai, Chennai, Kolkata and many other cities were the highest since October 3, 2017, when the Centre decided to cut excise duty by Rs 2 on petrol and diesel to bring some relief to consumers. October was also the month the government directed companies to stop monthly hikes in prices of cooking gas – hikes were intended to eliminate subsidy on cooking fuel.
Petrol and diesel prices are linked to international rates, revised daily and published on the website of state-owned oil companies. Prices of cooking gas, jet fuel and other oil products are revised monthly. Revised prices of cooking gas haven’t been published for January.
But prices of jet fuel and kerosene have risen marginally this month. The price of jet fuel has risen to Rs 57,460 per kilolitre from Rs 57,349 per kl for domestic airlines in Delhi. For international airlines, it has risen to $639 per kl from $634 per kl.
The price of subsidised kerosene has risen to Rs 22.39 per litre in Mumbai from Rs 22.12 per litre.