Once again the fuel prices in the country have given a big shock to the general public. Due to sharp rise in crude oil prices in the international market, private oil company Shell India Has increased the prices of petrol and diesel drastically. The company has directly increased the price of diesel by Rs 25.01 per liter and petrol by Rs 7.41 per liter. After this decision, filling fuel at private petrol pumps has now become very expensive for the common people.
This increase has happened at a time when the public, already facing the pressure of inflation, was expecting relief. But this step of oil companies has put more burden on the budget of the common man.
after the latest hike Shell India At petrol pumps of:
- Price of normal diesel approx Rs 123.52 per liter Has occurred
- premium diesel closer Rs 133.52 per liter has reached
- price of petrol Rs 119.85 per liter has reached
- Premium Petrol (Power) Approx Rs 129.85 per liter is being sold
However, prices may vary slightly due to taxes and transportation costs in different states.
one the one hand Shell India And Nayara Energy On the other hand, private companies like are increasing their prices, while on the other hand, government companies like Indian Oil Corporation, Bharat Petroleum And Hindustan Petroleum Still selling fuel at old prices.
Government companies expect to get assistance or subsidy from the government, while private companies decide their prices according to the market conditions. This is the reason why now the prices of private and government pumps difference of 20 to 30 rupees It is visible.
The biggest reason behind this increase is the rise in crude oil prices in the international market. Global tensions, especially the ongoing conflict in West Asia, have affected oil supplies.
In the recent past, prices of Brent crude have been around increase up to 60% has happened and it continues $100 per barrel Is built on. India is close to its total needs 85% oil imports Therefore, changes in the global market have a direct impact on the prices of the country.
The impact of such a huge increase in diesel prices will not be limited to drivers only, but will affect the entire market.
- transport will be expensive
- Fruits, vegetables and essential items will be expensive
- Logistics costs will increase
- There will be a danger of inflation increasing further
Experts believe that if crude oil prices do not fall soon, government oil companies may also be forced to increase prices.
This increase will have a direct impact on the pockets of common people. Everyday expenses will increase and the financial pressure on the middle class will increase further. Especially due to diesel becoming expensive, agriculture and freight sectors will also be affected.
Shell India This huge increase in the prices of petrol and diesel is a sign of rising inflation in the country and global instability. In the coming time, the decisions of the government and oil companies will decide whether the general public will get relief or not.
At present, in this era of expensive fuel, people will have to make new plans for their expenses.
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