Earlier on Saturday, the government oil companies increased the price of Aircraft Fuel (ATF) in Delhi by Rs 3,885 per thousand liters, 6.7 percent to Rs 61,690.28.
Petrol-diesel price hike (nominal picture)
Amidst the corona epidemic, prices of petrol and diesel are seen increasing in many states of the country. There is no full lockdown, but there are fewer vehicles on the roads. Despite the low consumption of oil, the price drop is not being seen. In Sriganganar, Rajasthan, the price of petrol has reached Rs 101 and diesel has reached above Rs 93. Similarly, in Bhopal, Mumbai, Jaipur and Delhi, petrol prices are seen between 90 to 98 rupees and diesel prices are between 80 and 89 rupees.
The increase in prices of petrol and diesel was stopped for a few days and the prices were seen stable. But after the elections, prices have started going up. On Tuesday, the price of petrol has been increased by 15 paise and diesel by 18 paise. Petrol is being sold in Delhi at Rs 90.55 and diesel at Rs 80.91 per liter. Similarly, the prices of petrol have reached above 100 rupees in Madhya Pradesh and Rajasthan. In Madhya Pradesh’s Anupur and Alirajpur, the price of petrol is above 100. 99.47 per liter petrol is being sold in Agar. The same situation is there in Srigangagar in Rajasthan.
Why the prices started increasing
Experts say that crude oil is becoming increasingly expensive internationally. That is why the prices of petrol and diesel have increased.
On April 4, the price of Brent crude was around $ 60-62 per barrel, which has now increased to $ 68 per barrel. Prices have risen in the last 2 weeks.
That is why experts say that the price of petrol and diesel has increased. Large brokerage houses such as Goldman Sachs have also expressed the possibility of crude prices reaching $ 80 per barrel this year in their new report.
How often the price increased
According to a media report, petrol and diesel prices rose 10 and 16 times respectively in January, while for the first time on Tuesday, it was increased in May. Earlier, the price was reduced 4 times. Last time, on 27 February, the prices of petrol and diesel were increased. However, earlier on Saturday, the price of aircraft fuel was increased by 6.7 percent. According to the news agency ‘PTI’, the price of crude oil has increased in the international market. In view of this, the price of petrol and diesel may increase in the country as well. Right now the retail prices are running above 80 rupees.
Increase in fuel prices
Earlier on Saturday, the government oil companies increased the price of aircraft fuel (ATF) in Delhi by Rs 3,885 per thousand liters, 6.7 percent to Rs 61,690.28. Due to the difference in the sales tax rates on petroleum in different states, the price of ATF may be different there. Earlier, companies had reduced the price of ATF twice. It was reduced by three percent on April 1 and by one percent on April 19. The impact of the increase in the price of aircraft fuel can be seen on passenger tickets and air freight.
Prices were stable till Saturday
On Saturday, the prices of diesel and petrol remained at the same level for the 16th consecutive day, but it was increased on Tuesday. Petrol was costing Rs 90.40 and diesel Rs 80.73 per liter in Delhi on Saturday, which has now come to Rs 90.55 and Rs 80.91 respectively. On Tuesday, the price of petrol has been increased by 15 paise and the price of diesel by 18 paise. Recently, the officials had indicated that prices of motor vehicle fuels could be revised soon. An official said that prices have been continuously rising for the last four days (27 April) and during this time, crude oil has become expensive in Dubai by $ 2.91 per barrel.
How much is the center-state tax
The retail and petrol prices of petrol and diesel are 60 per cent and 54 per cent respectively of central and state level taxes. Despite the possibility of a new wave of Kovid-19 in India affecting the demand for petroleum, crude oil is rising in the international market. The strong demand of the US and the weakness of the dollar are being told behind this.
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