Due to the cost of crude oil internationally, petrol and diesel are touching new peaks in the domestic market every day. In such a situation, the problems of the common man are increasing. Everyday goods are getting increasingly expensive. Experts believe that the price of crude oil can reach beyond $ 90 per barrel. In such a situation, the prices of petrol and diesel are set to increase further. But, if the central and state government reduces the tax, then the prices may come down.
If we look at the prices of petrol, it has become expensive by Rs 3.85 per liter in 13 days of this month. Diesel has become more expensive than petrol during this period. Within 13 days it has become costlier by Rs 4.35 per liter.
Know the new rates of petrol and diesel (Petrol Diesel Rate Today)
The three government companies of the country have increased the prices of petrol and diesel. Now the price of petrol in Delhi has gone up to Rs 105.49. At the same time, the price of diesel has increased to Rs 94.23 per liter.
Petrol price in Kolkata has increased to Rs 106.06. The price of diesel is Rs 97.30 a liter.
The price of petrol in Mumbai has gone up to Rs 111.39. The price of diesel is Rs 102.11 per liter. In Chennai too, petrol is Rs 102.67 per liter and diesel is Rs 98.56 per litre.
The country’s three oil marketing companies HPCL, BPCL and IOC issue new rates of petrol and diesel after 6 am. Apart from SMS, you can also check the official website of IOCL for the latest rates.
Why is petrol and diesel getting expensive?
According to the news agency Reuters, international crude oil prices are increasing continuously. The price of Brent crude has crossed $ 84 per barrel. After the year 2018, the prices have come to this level.
The International Energy Agency says crude oil demand is expected to rise by 500,000 barrels per day (bpd). This will result in a supply gap of about 700,000 barrels per day by the end of this year.
unless the Organization of Petroleum Countries and Allies, called OPEC+, added more supplies than planned in January. Hence, there is no chance of a fall in the prices.
When will crude oil prices start falling?
Brokerage houses around the world believe that the expectation of a fall in crude oil prices is negligible. Goldman Sachs says demand is picking up and we really need to start looking at that investment. It has been told in the report that in the years 2022 and 2023, the demand for oil may reach new record high levels.
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