Kolkata experienced a slight increase in petrol and diesel prices due to an adjustment in the basic fuel price by oil marketing companies, raising petrol to Rs 105.41 and diesel to Rs 92.02 per litre. While Kolkata saw a hike, Patna witnessed a decrease in diesel prices, and other eastern states remained stable amidst concerns about consumer inflation.
Kolkata: Petrol and diesel prices witnessed a marginal hike in Kolkata following a readjustment in the basic price of fuel by oil marketing companies , officials said on Tuesday.
This revision has pushed the petrol price in the city to Rs 105.41 per litre and diesel to Rs 92.02 per litre from May 12. "Petrol prices increased by 40 paise per litre, while diesel became costlier by 20 paise per litre.
However, in contrast, Patna saw a 60 paise per litre dip in diesel prices, while fuel prices in other eastern states remained unchanged," a leading oil marketing company official said.
The basic price, which serves as the benchmark set by OMCs before the addition of central and state taxes, is periodically reviewed and adjusted based on various operational and logistical factors.
Though such changes are usually minor, they directly impact the retail price of fuel paid by consumers.
This latest increase comes at a time when global crude prices have been relatively stable and consumer inflation remains a concern.
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Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
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