Inflation bomb will fall on the common man’s pocket! LPG cylinder will become costlier by Rs 50, petrol and diesel prices will also increase tension

If you are worried about the current prices of LPG and petrol and diesel, then the coming days may increase your worries further. The ongoing turmoil at the global level is now going to have a direct impact on your kitchen and car tank. Quoting government sources, news is coming that due to the skyrocketing prices of crude oil, the prices of petrol, diesel and LPG cylinders may increase soon.

There may be a big increase in petrol and diesel after 4 years

According to the latest reports, the prices of petrol and diesel may increase by Rs 4 to 5 per liter. If this happens, it will be the first time in the last four years that such a huge increase will be seen in oil prices. At present, in view of the increasing burden on government oil companies, it is becoming a compulsion for the government to take this decision.

LPG will also boil the budget

Not only petrol, the prices of LPG cylinders are also ready to spoil the household budget. There is talk that the prices of domestic LPG cylinders may be increased by Rs 40 to Rs 50. This will make it more difficult for the common man, who is already facing the brunt of inflation, to run his household.

Why are prices increasing?

The biggest reason behind this inflation is the ongoing tension in West Asia (Middle East). Due to war and conflict, the prices of crude oil in the international market have crossed $ 100 per barrel. Although the government had cut taxes last month to provide relief to oil companies, the high price of crude oil has increased the tension of the companies.

Decision may come in next one week

According to a report by India Today, the government may take a major decision regarding the prices of petrol and diesel within the next 5 to 7 days. Although no final approval has been given yet at the official level regarding increasing the prices, the market situation is indicating that the public should be prepared for this shock.

Commercial cylinder has already created an outcry

The prices of commercial LPG cylinders have broken records before domestic cylinders. After the latest increase on May 1, the rate of commercial cylinder in Delhi has crossed Rs 3000. In the last three months, there has been a huge jump of about 47 percent in its prices, which is directly impacting the food in hotels and restaurants.

Rates of private companies and premium petrol have already increased

Let us tell you that private oil companies like Naira and Shell had recently increased the prices of their petrol and diesel. At the same time, government companies have not increased the rates of normal fuel at present, but premium petrol and diesel have become expensive. At present, the rate of premium petrol in Delhi has reached Rs 160 per liter, which is the highest level till date.