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Essar Oil hikes petrol, diesel prices

17 Jun 2009 Evaluate

Private sector refiner Essar Oil on Tuesday hiked prices of petrol and diesel by Rs 1-2.50 a litre and Rs 1-2 a litre respectively as international crude oil prices has risen to a seven-month high of USD 71 a barrel.

 

Depending on the location of a fuel station, Essar Oil will accordingly sell petrol at between Rs 45.85 to Rs 47.35, while diesel will be sold at between Rs 35.45 to Rs 36.45 in Mumbai. However, there will be no hike on fuel retailed in Gujarat owing to proximity to its refinery at Vadinar.

 

The company till Tuesday sold petrol and diesel at rates at par with state-run refiners Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum. Oil PSUs sell petrol at Rs 44.85 per litre in Mumbai and Rs 40.62 per litre in Delhi. Diesel is sold at Rs 34.45 per litre in Mumbai, while the same costs Rs 30.86 per litre in Delhi.

 

The Ruias-led company does not operate any petrol station in Delhi and hence petrol rates for the entire northern region will range from Rs 41.62 to Rs 43.12. Diesel in the northern states will be sold at between Rs 31.86 to Rs 32.86.crackcrack
Peers
Company Name CMP
Reliance Industries 1362.60
Indian Oil Corp. 147.00
BPCL 316.00
HPCL 379.20
MRPL 180.00
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