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new Delhi21 minutes ago
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Petrol prices were stable from November 22, while diesel prices remained unchanged from October 2 onwards.
- Petrol 40 paise and diesel 61 paise expensive in 3 days
- Oil companies change prices on a daily basis
Public sector oil companies have raised prices of petrol and diesel for the third consecutive day. On Sunday, the price of petrol was increased by 8 paise and the price of diesel by 19 paise per liter. After this increase, the price of petrol in the capital Delhi has increased to Rs 81.46 per liter and the price of diesel has crossed Rs 71 to Rs 71.07 per liter.
Price hike has started from November 20
Oil companies have started increasing the prices of petrol and diesel from Friday 20 November. Petrol has become expensive by 40 paise and diesel by 61 paisa per liter in these three days. Petrol prices were stable from November 22, while diesel prices remained unchanged from October 2 onwards. The public sector oil companies Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited change the prices of petrol and diesel on daily basis. This change is based on the benchmark international oil price and foreign exchange rate.
Petrol and diesel prices in other cities of the country
note: The price is in rupees per liter.
Oil demand is increasing continuously
Oil demand in high consumption markets is increasing and inventory levels are decreasing. Brent crude prices had recently gone up to $ 44 a barrel. While US WTI crude also reached $ 42 a barrel. However, the prices of both are still stable since the beginning of this month. In October, it was close to $ 40.