Sweet hike in diesel prices
* an increase of Rs 25 per liter, the price reached beyond Rs 122 per liter in Mumbai *
*The pockets of wholesale customers will be loose*
Diesel prices have increased by Rs 25 per liter for bulk consumers.
Sources said diesel sold to bulk customers has become costlier by Rs 25 per litre. The move comes after a 40 percent jump in international crude oil prices. However, there has been no change in the retail prices of diesel sold through petrol pumps.
In Mumbai, the price of diesel has increased to Rs 122.05 per liter for bulk consumers. Diesel is being sold at petrol pumps for Rs 94.14 per liter. Similarly, diesel is priced at Rs 86.67 per liter at petrol pumps in Delhi while it costs Rs 115 per liter for wholesale or industrial customers.
According to the information received, there has been a jump of 20 percent in the sales of petrol pumps this month. Bulk consumers like bus operators and malls have bought fuel from petrol pumps. Usually they procure fuel directly from petroleum companies. This has increased the losses of the fuel retailing companies. Companies like Naira Energy, Geo-BP and Shell have been the most affected. Despite increasing sales, these companies have not yet reduced the volume. But now the pumps are reported to be not operationally viable.
