Today Petrol Diesel Price: There is going to be a big shock! Will the prices of petrol and diesel touch the sky? Know the rate of your city here

Today Petrol Diesel Price 16 Oct: The prices of petrol and diesel keep increasing and decreasing continuously. Once again it is being said that the prices of petrol and diesel are going to increase. For your information, let us tell you that due to crude oil prices continuously remaining above $100, the possibility of increase in the prices of petrol and diesel has increased. A Bloomberg report says that assembly elections are to be held in Uttar Pradesh, Punjab, Uttarakhand, Goa, Manipur, Himachal Pradesh and Gujarat in 2027 and before that the rates of petrol and diesel can be increased in November. Also, for your information, let us tell you that amid these concerns, as usual, oil marketing companies have released the rates of petrol and diesel today, 16 October.

Here are today’s petrol and diesel prices

If the prices of petrol and diesel increase then…

The increase in prices of petrol and diesel can have a direct impact on the pockets of common people. According to Bloomberg report, economist Alexandra Harman Prasad says that the increase in petrol and diesel prices in November could be about half of the total increase of 7.5% in May this year. That means prices may increase by about Rs 4 per litre. People’s driving expenses will increase due to petrol and diesel becoming expensive. Apart from this, the cost of delivering goods through trucks and other vehicles may also increase. In such a situation, the prices of vegetables, groceries and other items of daily use may also increase, which may spoil the household budget of common people.