hi INDiA Copyright 2022
Hyderabad: Fuel prices in the city continue to rise. On Saturday, petrol and diesel prices in the city were hiked by 14 paise and 17 paise a litre respectively.
After being hiked more than 10 times in the month of October alone, the fuel prices as on Saturday were Rs 109.51 per litre petrol and Rs 102.59 per litre diesel. On October 1, the per litre price of petrol and diesel in the city were Rs 106 and Rs 98.39, respectively.
The price hike is a result of an increase in the international benchmark Brent crude, which is currently trading at USD 84.92 per barrel. A month back, Brent was trading at USD 73.51.
“Due to the increase in the international crude oil prices, the dynamic pricing system is back again and fuel prices in the city will likely go up further in the next week,” said G Vinay Kumar, President, Telangana State Petrol Dealers Association.
Vinay Kumar said the international oil prices were volatile and expected to move up due to rising demand and continued supply squeeze. “The customers are not very happy with the price hike. It is likely that the prices might become stable only after a week, however they may not come down,” he added.
Hyderabad: Fuel prices in the last 10 days-
Date Petrol Diesel
October 6 Rs 107.09 Rs 99.75
October 7 Rs 107.40 Rs 100.13
October 8 Rs 107.71 Rs 100.51
October 9 Rs 108.02 Rs 100.89
October 10 Rs 108.33 Rs 101.27
October 1 1 Rs 108.64 Rs 101.66
October 14 Rs 109 Rs 102.04
October 15 Rs 109.37 Rs 102.42
October 16 Rs 109.51 Rs 102.59
Fuel prices rise in October
Fuel Price on Oct 1 Price on Oct 16 Difference
Petrol Rs 106 Rs 109.51 Rs 3.51
Diesel Rs 98.39 Rs 102.59 Rs 4.20