Petrol Diesel Price Today: Oil companies have given a big blow to the bulk consumers. Diesel prices have been increased by Rs 25 per litre. This decision has been taken by the oil companies after the increase in the prices of crude oil in the international market. As soon as the information of this decision was received, a long line of wholesale buyers was seen outside the petrol pump. A Reliance Industries Limited spokesperson explains that bulk diesel buyers are buying diesel from retail stations as the pump prices are Rs 25 per liter less than their wholesale contract prices.
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Diesel prices may have been increased for the bulk consumers, but common people are still getting petrol and diesel at the old rates. Despite the increase in prices in the international market, no change in retail prices has been done by the oil companies since November 4.
Diesel rate crossed Rs 122 per liter in Mumbai
In Mumbai, the price of diesel has increased to Rs 122.05 per liter for bulk consumers. Diesel is being sold at petrol pumps for Rs 94.14 per liter. Similarly, diesel is priced at Rs 86.67 per liter at petrol stations in Delhi while it costs Rs 115 per liter for wholesale or industrial customers. A RBML spokesperson says, “The difference in retail and industrial prices of diesel by Rs 25 per liter has led to a sharp jump in the demand for petrol pumps.”
Due to the huge difference of Rs.25 in rates for bulk consumers and petrol pump prices, bulk consumers are buying fuel from petrol pumps. They are not booking tankers directly from petroleum companies. Due to this the loss of petroleum companies has increased further. Jio-BP said there has been a huge increase in demand at retail outlets. Due to the difference of Rs 25 per liter in retail and industrial price, wholesale consumers are also buying from retail petrol pumps.