Petrol-Diesel Price: Petrol-Diesel prices increased by 172%, will it become expensive in India too?

Petrol-Diesel Price: A ceasefire has been announced for a few days even though the war between America, Iran and Israel has started. But there is still no relief in sight for the common man. Crude oil prices are skyrocketing. There has been a huge increase in the prices of petrol and diesel in many countries. However, currently there has been no fluctuation in the prices of petrol and diesel in India. But there is discussion among the people that the prices can be increased after the election results of 5 states are announced. Now it remains to be seen whether after the election results the government keeps the prices of petrol and diesel stable or focuses on increasing them.

In which countries the prices increased by how much?

According to data from Globalpetrolprices.com, petrol prices have been increased in many countries. In which the prices of petrol and diesel have been increased the most in Philippines by 172%, Laos-169%, Myanmar-161.4%, Malaysia-124.7%, New Zealand-89.9%, UAE-86.1%, Cambodia-84%, Lebanon-80.5%, Vietnam-77.9% and Australia by 65.3%.

Why did the prices of petrol and diesel increase?

The real reason for the increase in the prices of petrol and diesel is crude oil. Because after the start of the war, the price of crude oil has started touching the sky, which has had a full impact on the prices of petrol and diesel. On February 28, where the price of crude oil was $71 per barrel, it increased to $111. Although the price of crude oil decreased after the announcement of ceasefire, there is still pressure on crude oil. Small countries have been most affected on the prices of petrol and diesel. But if the situation remains like this for a few more days, then prices may also increase in the global market.

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Will prices increase in India also?

Even though the price of crude oil had almost doubled, there was no impact on the prices of petrol and diesel in India. However, there is a discussion among the people that the prices of petrol and diesel have not been increased due to the elections in 5 states. Prices will rise as soon as the elections are over.