Home >News >India >Petrol pumps open amid lockdown. Petrol, diesel prices unchanged for 10 days
Petrol and diesel prices are dependent on crude oil prices. (PTI)
Petrol and diesel prices are dependent on crude oil prices. (PTI)

Petrol pumps open amid lockdown. Petrol, diesel prices unchanged for 10 days

  • The government has assured that petrol pumps will remain open during the lockdown against coronavirus
  • Petrol and diesel prices have been left unchanged for 10 days

NEW DELHI : As fuel falls under the essential services sector, petrol pumps have been asked to remain open across the country during the 21-day nationwide lockdown which began from yesterday. Attendants at petrol pumps have been advised to maintain social distancing and take all safety precautions while dealing with customers.

State-run fuel retailers review petrol, diesel prices everyday at 6 am after taking into account several factors like the international benchmark rates of fuel, price of Indian basket of crude oil and US dollar-rupee exchange rate. However, for the last 10 days there has been no change in petrol and diesel prices despite volatility in the international market.

Crude oil rates have fallen by more than 60% since their January highs but petrol and diesel prices have fallen by only around 6 during the period.

In Delhi, a litre of petrol is priced at 69.59 per litre and diesel at 62.29 per litre today. In Mumbai, petrol is selling at 75.30 per litre and diesel at 65.21 per litre. In Chennai, a litre of petrol will cost 72.28 per litre whereas diesel is now priced at 65.71 per litre. In Bengaluru, petrol is now selling at 71.97 and diesel at 64.41. In Hyderabad, petrol pumps are charging 73.97 for petrol and 67.82 for diesel. If you are in Gurgaon, you will have to shell out 70.21 for petrol and 62.08 for diesel.

Oil minister Dharmendra Pradhan has assured consumers that since petroleum falls under the essential services sector, there will be no shortage of fuel in India during the lockdown. With movements being restricted, the demand for fuel has fallen drastically this month. In the first two weeks alone, before the lockdown was imposed, fuel demand had fallen by 10%. Indian Oil, the country's largest refiner, said it has reduced crude processing by 25-30% due to a sharp drop in fuel demand.

"Petroleum is an essential services sector. We are working to ensure that not just consumers get uninterrupted supplies of petrol, diesel and LPG but also that the supply lines for the country's defence forces are secured," said Pradhan.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Edit Profile
My Reads Redeem a Gift Card Logout