The retail prices of petrol and diesel in the country have been increased by Rs 3 per liter. Government oil companies took this decision on Friday. This increase has been made due to the huge increase in the prices of crude oil in the international market due to the conflict between America and Iran in West Asia.
The price of CNG has also been increased by ₹2 per kg in Delhi and surrounding areas. Now petrol in Delhi will be available at ₹ 97.77 per liter and diesel at ₹ 90.67 per liter. Prices vary slightly in different cities due to local taxes.
Also read: ‘Now the prices of everything will increase’, what did the public say when diesel and petrol became expensive?
What losses are companies incurring on petrol and diesel?
Oil companies are still suffering huge losses. According to officials, there is still a loss of Rs 10 to 12 per liter on petrol and Rs 38 to 40 per liter on diesel. The price of Brent crude was earlier $ 72 per barrel, which has now reached around $ 108.
How much has the rupee fallen so far?
The rupee has also weakened to Rs 95.74 per dollar. This price increase has happened for the first time after April 2022. Then the prices were increased after the Russia-Ukraine war. This increase has been made after the assembly elections are over, which is being discussed a lot.
Also read: Diesel and petrol become costlier by Rs 3, how much will you get now?
What is the price of petrol in your city?
- Delhi: ₹97.77
- Kolkata: ₹108.74
- Mumbai: ₹106.68
- Chennai: ₹103.67
What is the price of diesel in your city?
- Delhi: ₹90.67
- Kolkata: ₹95.13
- Mumbai: ₹93.14
- Chennai: ₹95.25
Also read: ‘Reduce the use of petrol, diesel, gas’, PM Modi’s appeal to the country not to buy gold.
Why did diesel and petrol become expensive?
The government has imposed a new windfall tax on petrol exports, while export taxes on diesel and aviation fuel have been reduced. Its objective is to maintain the availability of fuel in the domestic market. Opposition parties have criticized this increase.
What did the opposition say on the increased prices of petrol and diesel?
Congress, DMK, SP and other parties said that the burden on the common man, the poor, farmers and small vehicle drivers has increased. He alleged that the government has started recovery after the elections. BJP responded by saying that this is entirely a result of the global crisis. The increase in India is lower than in many other countries and prices remained stable for a long time. The government has appealed to people to save fuel, work from home and reduce unnecessary travel.
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