Petrol Diesel Price Today 17 May: New prices of petrol and diesel revealed, know what is the rate in your city.

Petrol Diesel Price Today 17 May: As you all know that on May 15, the prices of petrol and diesel were increased by ₹ 3 per liter. Petrol and diesel were increased by Rs 3 each in every city. For your information, let us tell you that this increase was the first such change in prices after April 2022. The main reasons for this were the continuous increase in the prices of crude oil and the continuous decline in the value of rupee against the dollar. Amid the dispute related to Iran, crude oil prices have increased by more than 50 percent, while the value of the rupee has fallen by more than 5 percent against the dollar. In such a situation, let us know what are the rates of petrol and diesel in your city today.

Know the condition of your city

biggest cause of crisis

It is worth noting that due to the Iran-US war, the Strait of Hormuz has been closed for almost two months. It is also noteworthy that 20 percent of the world’s crude oil needs are met through this route. Due to the current situation, the supply of crude oil has come to a complete halt, as a result of which the prices have increased to more than $100 per barrel. Before the war started, crude oil prices were around $70 per barrel. Due to this huge rise in the prices of crude oil, oil marketing companies were facing huge losses. As a result, everyone started expecting a rise in prices.

The post Petrol Diesel Price Today 17 May: New prices of petrol and diesel revealed, know what is the rate in your city appeared first on Latest.