Inflation has once again hit the pockets of the common people in the country. There has been a sudden increase in the prices of petrol and diesel, due to which the possibility of everything from transportation to daily needs becoming expensive has increased. According to the latest information, the price of petrol has increased by Rs 3.14 per liter and the price of diesel has increased by Rs 3.11 per liter.
After this increase, now new prices of petrol and diesel have come into effect in different parts of the country. Revised rates have been issued by oil companies, after which consumers will now have to pay higher prices than before.
For how much will you get petrol and diesel now?
According to the new prices, this increase in the prices of petrol and diesel is directly affecting the consumers. Although there may be slight differences in the final prices due to taxes and VAT in different states, on average the increase is considered to be applied equally across the country.
Now after the increase in the price of petrol by Rs 3.14 per liter, consumers will have to pay more per liter, while diesel has become costlier by Rs 3.11 per liter. After this increase, there is a possibility of increase in transportation cost, which may also affect the prices of vegetables, grains and other essential commodities in the coming days.
Effect of inflation and problems of common people
The increase in the prices of petrol and diesel has a direct impact on the daily life of the common people. While on one hand the budget of people driving private vehicles deteriorates, on the other hand the cost of business and services dependent on transport also increases. Experts believe that the effect of increase in fuel prices is gradually visible on the entire market. The impact of fare increases by truck and bus operators ultimately reaches the consumer. This may also increase the inflation rate.
Why do petrol and diesel prices increase?
Petrol and diesel prices depend on international crude oil prices, rupee-dollar exchange rate and tax structure. When the price of crude oil increases in the international market, it directly impacts the domestic market.
Apart from this, taxes imposed by the central and state governments also affect the final price. This is the reason why the prices of petrol and diesel are different in different states.
