Crude oil prices have crossed $ 75 per barrel. It has broken the record of last two years. Due to this increase, there are signs of further increase in the price of petrol and diesel.
Petrol and diesel price hike
The wild increase in the prices of petrol and diesel is not taking its name to stop. Due to this, the burden on the pockets of the people is increasing continuously. Everyone is demanding to reduce the prices, but the trouble has increased as the price of crude oil has crossed $ 75 per barrel. This is the first time in the last two years that the price of Brent crude has crossed this level. Apart from the futures market, there are signs of a further increase in the prices of petrol and diesel due to the increase in the price of crude oil in the physical market. Government oil companies today increased petrol prices by 26 paise per liter. While the price of diesel was increased by 7 paise per liter.
The price of petrol has increased to Rs 97.76 per liter in Delhi on Thursday. At the same time, the price of diesel has also increased to Rs 88.30 per liter. Since the last 4 May, its prices have been continuously increasing. Due to this, the economic problems of the people have increased further.
Diesel price increased by more than Rs 7 in 30 days
Government oil companies last increased the price of diesel by 17 paise per liter on 27 February 2021. After this, there was no increase in its price for more than two months. But after the passing of the assembly elections, its prices are being increased continuously from May 4. According to the data, the price of diesel has increased by about Rs 7.52 per liter in 30 days.
Brent Crude breaks two-year record
The rise in crude oil prices has broken the record of the last two years. On Wednesday, the price of Brent crude went beyond $ 75 per barrel. In the US Crude Market, Brent Crude climbed $ 0.38 per barrel to close at $ 75.19 per barrel on Wednesday. US West Texas Intermediate or WTI crude (WTI) also climbed $ 0.18 to $ 73.26 per barrel.
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