When is petrol price increasing

Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Petrol and diesel prices have again been increased today - the fifth time in a row, sending fuel prices to a new high. Today, oil marketing companies have increased petrol and disel prices by 35 paise per litre.

With this petrol prices in Delhi reached to Rs Mumbaikars will shell out Rs Petrol and diesel are now retailing at Rs In Chennai, petrol will cost you a bit less at Rs In Video: Petrol, diesel prices: Fuel rates at fresh all-time high, petrol crosses Rs mark in Mumbai. Read More News on petrol price diesel price fuel price oil marketing companies petrol price today diesel price today. ETPrime stories of the day Investing Bad bet or value buy?

Logistics There is a base, Gati hasn't destroyed itself. Subscribe to ETPrime. Browse Companies:. Find this comment offensive? Retailers had increased their profit margins by 2p a litre from around 5. The RAC said retailers, particularly the smaller, independent ones, were trying to rebuild their profits after the steep fall in sales prompted by the first UK lockdown in spring last year. Duty paid on fuel is currently VAT, currently around 24p a litre, is applied on top of all other elements of the petrol price, including duty and the retailer's profit margin.

Petrol and diesel cars are slowly being phased out as part of pledges to tackle climate change. The government says it will ban the sale of these from The introduction of the E10 fuel as standard this summer is also part of that drive. The Department for Transport says bringing in this new fuel could cut carbon emissions by , tonnes a year, the equivalent of taking , cars off the road.

Taking this potential increase in to account, the price of a litre of fuel in land will have increased from R14 86 in January to R19 30 a litre in November. Brent crude oil is trading at about 85 dollars a barrel following a steady rise since the fourth week of August. We were expecting it to move to around R This will really cause a lot of problems to motorists, but with regard to what we have seen with inflation, we understand that there is a lot of inflation that happened in the transport sector.

Home » Business ». The price of paraffin is expected to go up by cents per litre.