Petrol and diesel prices have increased by Rs 5 to 60 paise in the last 9 days. Five months ago, the central government gave relief of Rs 5 per liter on petrol and Rs 10 per liter on diesel to the consumers, the effect of it is over.
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Now the prices of petrol and diesel are increasing from 22 March 2022. From March 22 to March 23, petrol and diesel became costlier by 80-80 paise per day. There was no change on 24 March, but from 25 March once again petrol-diesel increased by 80-80 paise till 26. After this, on March 27, petrol became 50 paise and diesel 55 paise expensive. On March 28, petrol increased by 30 paise and diesel by 35 paise. On March 29, petrol increased by 80 paise per liter and diesel by 70 paise per liter and today i.e. on March 30, once again the price of petrol and diesel has increased by 80-80 paise.
In Sri Ganganagar and Mumbai even diesel is beyond 100
Petrol prices in Mumbai, Chennai and Kolkata have already crossed Rs 100 per liter. Petrol has been installed in the capital of most of the states as well. In Sri Ganganagar and Mumbai, even diesel has gone beyond 100. Petrol and diesel prices are less likely to come down now. Because in a report by Crisil Research, it has been said that to compensate for the loss of oil marketing companies, the price of petrol and diesel will have to be increased by 15 to 20 rupees. In this context, the price of petrol and diesel may increase by another Rs 18.
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At the same time, recently, Moody’s Rating Agency had released a report saying that India’s top fuel retailers IOC, BPCL and HPCL have lost revenue of about Rs 19,000 crore between November and March. In such a situation, companies will gradually increase the price of petrol and diesel to make up for the loss.
Petrol Price: Petrol crosses 100 from Gujarat to Bihar, Diesel also scored a century in Mumbai
Let us tell you that after reducing the tax of the central government, many states also reduced VAT. Almost a month later, the Delhi government also reduced VAT on petrol to Rs 8.52 per liter on December 2, bringing down the price of petrol at the pump to below Rs 100. On 2 November 2021, petrol in Delhi reached Rs 110.04 per liter and diesel at Rs 98.42. These prices had reached an all-time high. Petrol in Delhi was Rs 95.41 per liter and diesel Rs 86.67 per liter from December 2, 2021 to March 21, 2022.
Petrol and diesel prices increased for the 8th time in 9 days
Petrol and diesel prices increased for the 8th time in 9 days. On Wednesday, 80-80 paise has increased on petrol and diesel. Let us tell you that on November 4, 2021, the relief given by the Central Government by reducing the tax on petrol by Rs 5, its effect is now over. Now petrol has become costlier by Rs 5.60 in 9 days. In October 2021, the BJP did not get the expected results in the by-elections to 29 assembly and 3 Lok Sabha seats in 13 states. After this the tax on petrol was reduced by Rs.
Crude oil prices jump up to 72%
In March, elections were held in 5 states including UP. From November to March, the price of crude oil jumped up to 72%, but the prices of petrol and diesel were not increased. Prices started rising 12 days after the election results on March 10, while crude oil prices are declining. On Tuesday, crude oil was down 6.79% at $104.84/barrel. This is 31% less than the highest level.