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Indian consumers face post-election fuel price shock, economy could be hit

Saturday, April 27, 2019, 12:05 PM

Surging global oil-prices will pose a first big-challenge to new-government, whoever wins an election now under way, especially as domestic-prices have been allowed to lag, meaning consumers are in for a-painful-surge as they catch-up. For oil-import dependent India, higher global-prices could lead to a-weaker-rupee, higher inflation, the ruling out of interest-rate-cuts and could further weigh on twin current account and budget deficits, economists warned.
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Petrol, diesel prices hiked again on Friday

Friday, January 18, 2019, 9:48 AM

Petrol and diesel prices were hiked on Friday as global crude oil prices cross $61/barrel for the first time in 2019. Petrol price has been hiked by Rs.8-paise while diesel rates have gone up by 19-20-paise across the country. In Delhi, petrol price is slowly inching towards the Rs.71/litre mark while a litre of diesel will almost cost Rs.65/litre in Delhi.
 
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Petrol, diesel prices rise for 3rd consecutive day. Check latest rates

Saturday, January 12, 2019, 9:20 PM

Petrol and diesel prices were increased for the third consecutive day on Saturday even as global oil prices fell about 2 per cent on Friday. In Delhi, a litre of petrol will cost Rs 69.26 after an increase of 19 paise over yesterday's rates; diesel, on the other hand, is retailing at Rs 63.10 per litre after an increase of 29 paise.

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