Petrol-Diesel Price Today: For 137 days, the control of the inflation of petrol and diesel had given relief to the people, but now that this rein has been removed, it has increased four times in the last five days.
Petrol-Diesel Price Today: The control of petrol and diesel inflation for 137 days had given relief to the people, but now that this rein has been removed, it has increased four times in the last five days. Petrol and diesel have become costlier by Rs 3.20 per liter in four times. Today (26 March) the price of both petrol and diesel was increased by 80 paise per liter. After this increase, the price of petrol in the capital Delhi reached Rs 98.61 per liter and diesel at Rs 89.07 per liter.
Anil Ambani resigns on the orders of SEBI, left the post of director of two Reliance Group companies, now he got the responsibility
Prices were stable for four months from November 4
Retail prices of oil in India were stable from 4 November 2021 last year. In five states including Uttar Pradesh and Punjab, prices remained stable for nearly four months due to elections, while crude oil prices increased by about $ 30 (Rs 2288.29) per barrel during this period. At the beginning of November 2021, crude oil was at a price of $ 82 (Rs 6254.65) per barrel, which increased to $ 117 (Rs 8924.32) per barrel during this period. After the election results were declared on March 10, the prices were expected to increase, but even after this, there was relief for the common people for a few days and now the prices were increased for four days in the last five days.
Jio IPL Offer: Jio users make arrangements to watch IPL for free, check cricket pack details and choose the best one in your budget
Oil can be costlier by Rs 20-22
Rating agency Moody’s Investors Services had disclosed in a report on Thursday that the country’s top three state-owned oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum combined to keep oil prices stable despite crude becoming expensive due to elections. There was a revenue loss of crores of dollars (Rs 19 thousand crores). According to Kotak Institutional Equities, oil companies need to make diesel by Rs 13.1-24.9 and petrol by Rs 10.6-22.3 per liter by $100-120 (Rs 7627.63-Rs 9153.15) per barrel. In CRISIL Research, the need to increase the price by Rs 15-20 per liter was told. India imports 85 percent of its oil requirements, due to which its rates are fixed here according to the global price.
(Input: PTI)
,