New prices of petrol and diesel released, will the burden on the pocket increase as soon as the elections are over? Know the government’s promises and today’s latest rates – ..

News India Live, Digital Desk: As soon as the election noise subsides, the eyes of the common man have once again focused on the budget of his kitchen and car. Amidst the questions that often arise regarding oil prices during the election season, petroleum companies have now released new rates of petrol and diesel. The government had already indicated that despite the fluctuations in the international market, huge increase in prices will not be allowed, but has the rate list released today lived up to this promise? Let us know the latest situation of your city.

Election promises and market ground reality

Fuel prices have always been a major political issue during election campaigns. While the opposition continued to attack on inflation, the government had given assurance that efforts would be made to keep oil prices stable. Now that the voting process has been completed, there was fear among the people that oil companies may increase prices to cover their losses. However, the data released this morning has clarified the situation to a great extent.

What is the price of petrol and diesel in your city?

Even today, no major change has been seen in the prices in the major metros of the country. Oil prices have remained almost stable in big cities like Delhi, Mumbai, Kolkata and Chennai. However, due to freight and local tax (VAT), there is a difference of some money in the prices in small towns of different states. Experts believe that the prices of crude oil in the global market are currently within a range, which is benefiting the domestic market.

Can prices increase further?

According to petroleum sector experts, oil prices in the coming days will completely depend on international geopolitical conditions. If tensions increase in Gulf countries or there is any disruption in the supply chain, it may be challenging for the government to control prices. At present, it is a matter of relief that there is no news of any major ‘price shock’ right after the elections, due to which the general public can heave a sigh of relief.