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Late night rush: With the hike coming into effect from midnight, vehicles rush to fuel at the Lungtenzampa BOD
Late night rush: With the hike coming into effect from midnight, vehicles rush to fuel at the Lungtenzampa BOD

Fuel price increases

Petrol price increased by an average of Nu 2.55 a litre and diesel by Nu 2.06 a litre since yesterday across the country, according to a notification Department of Trade (DoT) issued.

The price of petrol in Thimphu is now Nu 65.18 per litre. It was Nu 62.63 until yesterday. Similarly, the price of diesel in the capital is now Nu 64.34 a litre, which increased from Nu 62.27.

Going by the fuel price revision pattern, fuel prices changes twice a month, if not at least once a month.

The price of petroleum products decreased twice in September. However, the average decrease in price totals to Nu 0.17 for petrol and Nu 0.56 for diesel.

The change in new price tripled the revised price in September.

Sarpang sells the cheapest fuel at Nu 58.8 per litre of petrol and Nu 59.25 a litre of diesel.

The increase, according to Indian media, is due increase in global fuel prices. The change in the price of crude oil in the international market directly influences the price of crude oil.

Other factors like rupee to US dollar exchange rate, cost of crude oil, global cues and demand also impact the price of fuel.

Staff reporter

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