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<keyword id="107991" type="PERSON" weightage="20" keywordseo="petrol-prices">Petrol prices</keyword> across the four metros increased for the fifth consecutive day on Monday, with the fuel being priced over Rs 88 per litre in Mumbai. In the country's <keyword id="499578" type="ORGANIZATION" weightage="20" keywordseo="financial-capital">financial capital</keyword>, petrol was sold for Rs 88.28 per litre on Monday, higher by 12 paise from its previous level of Rs 88.16 per litre. At the current rate, petrol prices could soon be touching unprecedented levels of Rs 100 a litre. Similarly in <keyword id="66" type="LOCATION" weightage="20" keywordseo="Delhi">Delhi</keyword>, price of the fuel increased by 13 paise to Rs 81.62 a litre from the previous day price of Rs 81.49 a litre. In <keyword id="6354925" type="LOCATION" weightage="20" keywordseo="kolkata">Kolkata</keyword>, petrol was priced at Rs 83.13, higher by 12 paise from its previous level of Rs 83.01 per litre. The price of the transportation fuel in Chennai was at Rs 84.64 per litre, higher by 12 paise from Rs 84.52 per litre on Sunday. <keyword id="6397171" type="UNKNOWN" weightage="20" keywordseo="diesel-prices">Diesel prices</keyword> are however, the same across the metros. In the national capital, diesel prices have remained stable since the Delhi government announced a 13.25 per cent reduction in the Value Added Tax on July 30, which had caused the price to fall by Rs 8.36 per litre. Diesel is priced at Rs 73.56 a litre in the national capital. Price of the fuel in Mumbai, Chennai and Kolkata was at Rs 80.11, Rs 78.86 and Rs 77.06 per litre respectively. --IANS sn/dpb/ksk/

Petrol prices hiked for fifth consecutive day, diesel remains unchanged

NEW DELHI: Indian consumers are shifting back to petrol-run passenger vehicles that are set to start outselling diesel variants again after two years, boosted by falling petrol prices and the narrowing price gap between the two fuels. The changing demand trend amid a turnaround in the auto market is making manufacturers rework their production schedule in the run-up to the festival season when sales spike up. Diesel cars have enjoyed a smooth run for more than two years as the fuel costs less than petrol and offers better mileage, making such vehicles a preferred choice for India’s cost-conscious buyers. 
 
That is fast changing with the government phasing out diesel subsidy and petrol, which is deregulated since June 2010, getting cheaper. Diesel is nearly 14% costlier now than a year earlier, while petrol has become a bit cheaper year-over-year. The trend in the automobile market is quite pronounced on some models. 
 When <keyword id="1381889" type="COMPANY" weightage="20" keywordseo="Honda-Cars-India">Honda Cars India</keyword> launched its compact sedan Amaze in 2013, the local unit of the Japanese major found 80% of the buyers going for the diesel version. The Amaze was <keyword id="20630" type="CITY" weightage="20" keywordseo="Honda">Honda</keyword>’s first diesel offering in India and was launched to meet the then growing demand for cars that run on diesel. 
 
However, last month, just a little over half the buyers for Amaze chose a diesel variant. “Customers are now more educated over their needs and are not going blindly for diesel cars any longer,” said Jnaneshwar Sen, head for marketing and sales. Honda witnessed a similar trend for the new City, with just 50% of buyers preferring diesel in July compared with 70% at the time the mid-size sedan was launched in January this year. 
 
According to executives at car manufacturers that ET spoke to, the festival season that commences next month looks perfect for petrol cars to capture lost ground as the overall market is also on a recovery path with domestic sales recording three straight months of growth. They expect shift of customer preference for conventionally wiser petrol – maintenance cost of petrol cars is usually lower and fuel is more environment friendly – to continue, and are accordingly adjusting their strategies. 
 <keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword>, the country’s largest carmaker, has shelved plans for a new diesel engine plant at Gurgaon and is concentrating on its petrol models as it strives for higher market share. “While diesel car sales have declined 7%, sales of petrol cars have grown by almost 11% in the past few months,” said a senior executive. “Enquiries on and sales of petrol models have jumped in recent months.” 
 
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 Companies aren’t just altering production plans, but also offering petrol variants at aggressive price to tap the shift. “Customers are increasingly going towards petrol and keeping the same trend in mind, we aggressively priced the new car with the intention to increase the share in the premium hatchback segment,” said <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword>’s head for marketing and sales, Rakesh Srivastava. The company has invested $600 million in a hybrid engine manufacturing plant capable of producing both petrol and diesel engines on the same line to tackle shifting demand in the Indian market. 
 Overall ownership cost of diesel-fired vehicles has gone up, said Amit Kaushik, principal analyst, autos, at consultancy firm <keyword id="350927" type="ORGANIZATION" weightage="20" keywordseo="IHS-Automotive">IHS Automotive</keyword>. Car companies are vying on the government policy that is further likely to dampen demand for diesel cars. 
 
Price gap between the two fuels now stands at just Rs 12 and may further close in coming months because of government strategy of increasing diesel price by 50 paise every month until it aligns with market rates.

Petrol-Run Cars Outselling Diesel Variants In India, Thanks To Narrow Margin Between The Fuels

<keyword id="6356109" type="COMPANY" weightage="20" keywordseo="diesel">Diesel</keyword> has extended its gain over petrol in Delhi as oil marketing companies raised its price in the city by 25 paisa a litre on Tuesday after keeping auto fuel prices hanged for the last seven days. With the increase, diesel is priced at Rs 80.78 a litre in the National Capital, up from Rs 80.53 a litre on Monday. The oil companies, however, kept petrol prices unchanged across the country, resulting in diesel extending its gain in Delhi from 10 paisa earlier to 35 paisa now. Delhi is the only metro city where Diesel is priced higher than petrol and this has been maintained since June 24, when for the time ever the transportation fuel climbed up over petrol. Apart from Delhi, diesel is still cheaper than petrol by Rs 6-8 per litre in other metro cities. Diesel is priced at Rs 79.05 a litre in <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> that is an increase of 22 paisa over Monday's price, at Rs 77.91 a litre in <keyword id="12864" type="LOCATION" weightage="20" keywordseo="Chennai">Chennai</keyword> (19 paisa increase) and Rs 75.89 a litre in <keyword id="6354925" type="LOCATION" weightage="20" keywordseo="kolkata">Kolkata</keyword> (25 paisa increase). Officials in oil marketing companies said that diesel prices are seeing more volatility in international market so the price changes in the fuel segment has been higher. But with global oil prices also rising again and set to touch $43 a barrel, the expectation is that fuel prices may again see an uptick in coming days. Before Tuesday, Fuel prices have remained unchanged for the seven consecutive days since June 30 across the four metros. Prices of the transportation fuel have had a pause after rising to record levels in 23 of the past 31 days after the oil marketing companies (OMC) resumed the daily price revision system from June 7 that kept the petrol and diesel prices to rise incessantly till June 29. During the daily hike till June 29, diesel prices in Delhi recorded a new feat by overtaking petrol prices, making the common man feel the heat. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/tcs-share-price-and-first-quarter-earnings-estimate/articleshow/76827257.cms" data-type="tilCustomLink">TCS shares are hot again as investors hope for a quarterly surprise</a> <a href="https://www.businessinsider.in/business/corporates/news/hul-vs-emami-a-lawyer-explains-whats-fair-and-not-in-the-battle-of-brands/articleshow/76829901.cms" data-type="tilCustomLink">HUL vs Emami — A lawyer explains what’s fair and not in the battle of brands</a>

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Petrol prices hiked for fifth consecutive day, diesel remains unchanged

IANS

Petrol-Run Cars Outselling Diesel Variants In India, Thanks To Narrow Margin Between The Fuels

Economic Times

Diesel extends gain over petrol in Delhi after 7-day pause

IANS

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