Fuel prices hiked

Following a fuel price hike in India last month, the cost of petrol has increased by Nu 3.2 a litre and diesel by Nu 2.5 a litre in Bhutan.

Petrol in Thimphu now costs Nu 65.39 a litre and Nu 63.05 a litre in Phuentsholing. A litre of diesel in Thimphu costs Nu 63.29 and Nu 61.19 in Phuentsholing.

This is the highest fuel price the country has experienced this year.

This is the sixth hike after the last drop in fuel prices since January 2018. Petrol price was slashed by Nu 0.96 a litre and diesel by Nu 1.05 a litre on March 1.

In the last six months, there have been 10 increases and three reductions in the price of petrol, resulting in an increase of petrol by Nu 11.28 a litre.

There have been 11 increases and three reductions in diesel prices, resulting in an increase of diesel price by Nu 12.67 a litre.

The price of liquid petroleum gas (LPG) remains the same while the kerosene price increased by 26 chheltrums a litre on June 1. A litre of kerosene now costs Nu 31.77 in Thimphu.

A litre of kerosene cost Nu 29.41 on January 16. Since then, there have been 10 increases in the price of kerosene resulting in an increase of kerosene price by Nu 2.36.

An employee with Bhutan Oil Distributor said the kerosene price is revised every fortnight by 26 or 27 chheltrums.

According to Indian media reports, the price of LPG were also increased by 2.34 rupees for subsidised and 48 rupees for non-subsidised cylinders on June 1. The new price for a subsidised cylinder in Delhi is 493.55 rupees while that of a non-subsidised cylinder is 698.50 rupees.

“The prices of LPG were increased in Kolkata, Chennai and Mumbai as well,” it states.

After 16 consecutive rise in fuel prices since May 14, petrol prices in India have been cut in the range of 46-49 paise per litre in six days in a row and diesel prices has lowered by 34-36 paise per litre for five days in six as of June 4, according to Indian media reports.

“Prices vary from state-to-state depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals,” it states.

The fuel prices in Bhutan are revised every fortnight because of the global oil price fluctuation.

Last year, the country witnessed the highest petrol price of about Nu 65.54 a litre and Nu 58.67 a litre for diesel.

Dechen Tshomo

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