Fuel Price Movements and Market Dynamics on June 17th

Petrol, diesel, and CNG prices stayed put Monday, June 17th. That’s what they said. But behind the scenes? The oil market companies and gas distributors are still tweaking things every morning at six, you know?
Still, there was movement in the upstream stuff. OMCs hiked petrol and diesel by about seven point five rupees per litre because of that whole West Asia mess going on with crude prices. It’s always something happening.
The government did act too. They pushed through a notification increasing export duties on diesel and aviation turbine fuel. Petrol exports, though? Those stayed the same at one point five per litre. But diesel got bumped up from thirteen point five to fourteen per litre for that fortnight. And ATF duties followed suit, going from nine point five up to twelve point five per litre.
And then there was the consumer side. Suddenly, industrial and commercial folks were locked out of buying petrol and HSD at those usual retail spots. They told everyone to go through bulk points or their own pumps instead. That restriction sticks for ninety days initially. Might get extended later, who knows how that plays out. A bit of a headache there.
Domestic gas prices also shifted. LPG cylinder costs jumped by twenty-nine rupees since June 7th. That was the second bump in three months. Delhi saw the standard fourteen-point-two-kilogram cylinder jump to nine hundred forty-two rupees, up from ninety-one three.
Commercial LPG too they hiked that earlier on, back on June 1st. A nineteen-kilogram cylinder in Delhi went up by forty-two rupees, hitting three thousand one hundred thirteen point five zero. Prices keep shifting around.
CNG saw its own little rise in Mumbai. Two rupees per kilogram, pushing the price to eighty-six. That’s after fifteen days of that same hike already. Domestic PNG ended up costing fifty paise more for every standard cubit metre fifty-two rupees now. It just keeps climbing somewhere.
When you look at the city-specific rates for petrol, things were pretty varied. Hyderabad held the line, with petrol sitting at one hundred fifteen point six nine per litre on May 25th. Thiruvananthapuram was close behind there, about one hundred fifteen point four nine.
But then you get Chandigarh. They managed to keep their price lowest among that list, hitting ninety-eight point ten per litre. Lucknow and New Delhi were also relatively cheaper compared to the big metro hubs, around one hundred two point zero five and one hundred two point twelve respectively.
For diesel, it was different. Thiruvananthapuram had the top spot for diesel, at one hundred four point four zero a litre. Hyderabad followed that with one hundred three point eight two per litre. Chandigarh, predictably, ended up lowest there, only eighty-six point zero nine. It seems like prices are just floating around unpredictably across the board.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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