Categories: Business

Petrol and diesel price up as crude surge

Photo: PTI (FILE)

petrol and diesel price up

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

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…