Fuel Prices Continue To Soar In 2019
- Fuel price have gone up for the seventh time in 2019.
- Rise in the crude oil price may have affected fuel prices.
- Rise in fuel retail prices may take a toll on auto sales in Q4 of FY19.
After witnessing a series of reduction in the last three months of 2018, fuel prices have been soaring again in the new year. The price of diesel was increased by 30 Paise today and the petrol price went up by 28 paise. Moreover, the retail price of diesel in Delhi increased from Rs. 64.18 paise to Rs. 64.48 paise and the retail price for petrol in the national capital went up from Rs.70.13 to Rs. 70.41. The fuel prices have been increased for the seventh time in 2019.
Also Read: Fuel Prices Hiked For The 6th Time In 2019
Though the authorities have not cited any such reason for the series of marginal increase, the rise could be on account of an increase in crude oil prices in the global market. Global crude oil rates have gained strength after the implementation of production cuts by top producers, recovering from levels below $50 a barrel registered last month.
The upward trend in the fuel prices can be worrisome news for the auto manufacturers in India as it had impacted customer sentiments drastically earlier in 2018 which led to a slump in the auto sales in the third quarter of FY19. The industry is looking forward to recovering from that loss in the Q4 in a bid to come close to its annual sales target. However, if fuel prices continue to rise further it may demoralize customer sentiments and in-turn may take a toll on sales.
Latest News
Preetam Bora | Aug 28, 2026Yamaha YZF-R2: Everything You Need to KnowThe new Yamaha YZF-R2 is available in three variants and sits above the R15 in the brand’s India line-up and is built on an all-new platform.6 mins read
Carandbike Team | Aug 28, 20262027 Mahindra 3 Door Thar Facelift Spotted Testing Ahead Of LaunchThe facelift could get the Thar Roxx-inspired fascia with LED projector headlights and a new grille.1 min read
car&bike Team | Aug 28, 2026Hero MotoCorp To Invest 1,758 Crore More In Ather EnergyHero MotoCorp will invest up to Rs 1,758 crore to increase its stake in Ather Energy from 29.88 per cent to 32.8 per cent.2 mins read
Abhishek Nigam | Aug 28, 20262027 Kawasaki Versys 650 Launched In India At Rs 8.63 LakhThe MY27 Kawasaki Versys 650 continues with its 649cc parallel-twin engine, long-travel suspension and 21-litre fuel tank, with deliveries set to begin by the end of August.1 min read
Sarthak Mahajan | Aug 27, 2026Tata Motors Passenger Vehicles Reveals New ‘TATA.CARS’ Brand IdentityLegal name continues to remain Tata Motors Passenger Vehicles Ltd.1 min read
Sarthak Mahajan | Aug 27, 2026Yamaha YZF-R2: In PicturesYamaha Motor India has launched the YZF-R2 at Rs 2.30 lakh, positioned above the Yamaha R15 V4.2 mins read
Preetam Bora | Aug 25, 20262026 Hero Xoom 160 Review: Maxi-mum Potential!With styling and proportions that goes into actual maxi-scooter territory, a liquid-cooled engine and large 14-inch wheels, the Hero Xoom 160 holds a lot of promise. But should you buy it?9 mins read
Seshan Vijayraghvan | Aug 19, 20262026 BMW X1 Long-Wheelbase Review: Is This The X1 To Buy?Along with the extra rear legroom, the new BMW X1 LWB offers more features, more safety tech, and a more powerful petrol engine. But do these updates actually make it a better SUV?1 min read
Janak Sorap | Aug 17, 2026Bajaj Pulsar N160 SS First Ride Review: The Most Tech-Loaded Pulsar Yet?The Bajaj Pulsar N160 SS brings more power, new-age electronics and sharper styling to the familiar 160cc Pulsar formula.5 mins read
Jaiveer Mehra | Aug 16, 2026Honda Amaze CVT Long Term First Report: 1800 Km InThe Amaze is the first sedan to join our long term feet in a year, and while on paper it lacks some of the features offered in its rivals, there’s plenty of promise in the package.1 min read
Preetam Bora | Aug 12, 2026Royal Enfield Himalayan 440 Custom Review: Beating RE to the PunchDelhi-based custom motorcycle shop TNT Motorcycles introduces packages to convert existing Himalayan 411 adventure bikes to Himalayan 440. Is it worth the expense?8 mins read