new Delhi. For the first time in 80 days after the rise in crude oil prices, fuel prices have seen an increase in the country. Government oil companies today announced a 60 paise per liter increase in the price of petrol and diesel. After the increase, petrol has reached close to Rs 72 per liter in New Delhi and Rs 79 per liter in Mumbai. At the same time, diesel has reached the level of around Rs 70 per liter and in Mumbai about Rs 69 per liter.
Earlier, the price of petrol and diesel was changed on 16 March. The Corona crisis saw a sharp drop in crude oil prices, although prices remained stable despite the fall in crude oil due to the increase in tariffs by central and state governments to deal with the lockdown. Currently, there is an increase in the prices of crude oil. During the past week, the price of Brent crude has gone up by 20 per cent to over $ 40 per barrel, after which the prices of petrol and diesel have increased.
Last month itself, the central government increased excise duty by Rs 10 per liter on petrol and Rs 13 per liter on diesel. However, it did not affect retail prices due to cheap crude. Oil prices are reviewed every day, and are dependent on international crude oil prices as 80 percent of the country's needs are imported.
Petrol has increased to Rs 71.86 per liter and diesel to Rs 69.99 per liter in New Delhi.
Petrol in Mumbai has been increased to Rs 78.91 per liter and diesel to Rs 68.79 per liter.
Petrol in Chennai rose to Rs 76.07 per liter and diesel to Rs 68.74 per liter.
This post was published on June 7, 2020 10:52 pm
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