Diesel, 95 octane petrol and paraffin will cost you more from Wednesday

Petrol price of 95 goes up, while 93 dips

However, 95 octane unleaded petrol will increase by 18c per litre, diesel (0.05% sulphur) by 25c per litre, diesel (0.005% sulphur) by 25c per litre and illuminating paraffin by 25c per litre. Lets us tell you at what price petrol and diesel are being sold all over the country.

The fuel prices are revised on a daily basis in India, and petrol and diesel rates are directly dependent on crude oil prices. Price of diesel reached Rs 67.49 per litre following a hike of 16 paise, as per pricing information from the state-owned oil firm.

Director of consumer affairs Conor Faughnan says: "Oil prices fell sharply at the end of previous year and Irish fuel prices dropped as well".

The fleeting jump in oil prices confirmed the over-abundance of supply as well as the need to reduce the reliance on fossil fuels, according to a briefing note released by The Institute for Energy Economics and Financial Analysis (IEEFA) on Tuesday.

On 31st August, the petrol price was reduced by Rs 4.59.

But the AA says increases were expected this month on foot of the Saudi drone attacks, and subsequent rise in world oil prices.

Oil prices have shot-up, and the rand is performing badly against the USA dollar once more. On Saturday, the Ogra recommended the government to reduce the prices of petroleum products following reduction in the prices in the global market.

The oil market suffered a bad blow in September, when a drone strike wiped out a massive production unit in Saudi Arabia.

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