Fuel prices see steady, silent rise in Hyderabad

Petrol price shot up by Rs 7.41 and diesel by Rs 5.49 per litre from July 1 to Sept. 12 in Hyderabad. But crude oil price slumped from from 58.16 US dollars to 48.24 US dollars for the same period in international market.

By Author   |   Published: 12th Sep 2017   11:09 pm Updated: 13th Sep 2017   1:48 am
Fuel prices to be revised daily from June 16

Hyderabad: Ever kept a tab on your fuel expenses over the last two months? If not, better start now.

Since July 1, fuel prices in the city have been on a steady ascent, an impact of the dynamic pricing system, or daily price revision model introduced by the Union government. The system has seen the price of one litre of petrol going up from Rs 66.93 on July 1 to Rs 74.41 on Tuesday, a hike of Rs 7.48, while that of diesel has gone up from Rs 58 09 to Rs 63.31, a jump of Rs 5.6.

The price rise, according to petrol dealers here, has been so silent, by a few paise every day, thus creating no major furore among the public.

“When it is one paise or 15 paise every day, the change goes unnoticed, unlike the earlier system when the price would be hiked by Rs 2 or Rs 3 leading to loud protests,” says G Vinay Kumar, general secretary, Telangana Petroleum Dealers Association.

“They had said the public would benefit from the new system. The first few days saw a few dips in the price, but from then on, it kept rising steadily,” says M Amarender Reddy, general secretary, Greater Hyderabad Petroleum Dealers Association.

Interestingly, the price of crude oil plummeted from 58.16 US dollars (July 1, 2017) to 48.24 US dollars (sept 12, 2017) in the international market, according to websites monitoring the crude oil prices. Check the price of petrol and diesel in Hyderabad for the same period here.

Dynamic pricing

July 1: Petrol – Rs 66.93, High Speed Diesel – Rs 58.09

July 16: Petrol – Rs 68.04, HSD – Rs 59.74

July 31: Petrol – Rs 69.26, HSD – Rs 60.36

Aug 1: Petrol – Rs 69.18, HSD – Rs 60.30

Aug 16: Petrol – Rs 72.09, HSD – Rs 62.24

Aug 31: Petrol – Rs 73.16, HSD – Rs 61.90

Sept 1: Petrol – Rs 73.21, HSD – Rs 61.94

Sept 2: Petrol – Rs 73.38; HSD – Rs 62.03

Sept 3: Petrol – Rs 73.51; HSD – Rs 62.10

Sept 4: Petrol – Rs 73.63; HSD – Rs 62.21

Sept 5: Petrol – Rs 73.68; HSD – Rs 62.30

Sept 6: Petrol – Rs 73.68; HSD – Rs 62.30

Sept 7: Petrol – Rs 73.78; HSD – Rs 62.44

Sept 8: Petrol – Rs 73.87; HSD – Rs 62.65

Sept 9: Petrol – Rs 74.04; HSD – Rs 62.97

Sept 10: Petrol – Rs 74.19; HSD – Rs 63.31

Sept 11: Petrol – Rs 74.34; HSD – Rs 63.58

Sept 12: Petrol – Rs 74.41; HSD – Rs 63.69