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Price of diesel sold to bulk users hiked by ₹25 per litre: Report

The large distinction of about 25 per litre between the bulk consumer rate and petrol pump worth has prompted numerous bulk users to refuel at petrol pump.

By : HT Auto Desk
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Updated on:
20 Mar 2022, 04:28 PM

File photo used for representational purpose only (REUTERS)
File photograph used for representational function solely (REUTERS)

The worth of diesel for bulk users has been elevated by about 25 per litre according to an almost 40 per cent rise in worldwide oil costs. However, retail charges for particular person patrons at petrol pumps stay unchanged, PTI reported, citing sources. 

Price of diesel sold to bulk users has been elevated to 122.05 per litre in Mumbai as in contrast to 94.14 a litre worth of the gasoline sold to people.

In Delhi, diesel prices 86.67 a litre on the petrol pump, however for bulk or industrial users it’s priced at about 115.

Sales of petrol pumps have jumped by a fifth this month after bulk users like bus fleet operators and malls lined up at petrol bunks to purchase gasoline relatively than ordering instantly from oil corporations, widening the losses of retailers. The impact of this worth hike has hit non-public retailers corresponding to Nayara Energy, Jio-bp and Shell.

(Also learn | Oil costs at a file: Per-litre petrol worth in India vs main international locations)

The large distinction of about 25 per litre between the bulk consumer rate and petrol pump worth has prompted numerous bulk users to refuel at petrol pumps relatively than reserving tankers instantly from oil corporations. This has led to widening losses of oil corporations, who had been already promoting petrol and diesel at approach beneath the associated fee.

Looking on the present state of affairs, closure of petrol pumps appears a extra viable resolution than persevering with to promote extra gasoline at charges which were unchanged for a file 136 days, three sources mentioned. The retail costs of petrol and diesel haven’t been raised by PSU oil corporations since November 4, 2021 regardless of a surge in world oil and gasoline costs.

While Oil Minister Hardeep Singh Puri final week mentioned that gasoline gross sales elevated 20 per cent due to hoarding in anticipation of worth improve, PTI sources insisted the gross sales additionally elevated as a result of of bulk users are shopping for at petrol pumps.

First Published Date: 20 Mar 2022, 04:27 PM IST

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