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Mumbai18 hours ago
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The price of brand crude had gone up to $ 44 per barrel recently. While US WTI crude also reached $ 42 a barrel. Although the prices of both are still stable since the beginning of this month
- Now the new price of petrol in Delhi has been increased to Rs 81.23 per liter. Earlier it was Rs 81.06
- The new price of diesel has now come to Rs 70.68 per liter in Delhi. Earlier it was Rs 70.46
Nearly two months later, oil marketing companies (OMCs) have again raised prices of petrol and diesel today. The price of petrol has been increased by 17 paisa per liter. Now its price in Delhi has been increased to Rs 81.23 per liter. The day before it stood at Rs 81.06. Similarly, the retail price of diesel has increased by 22 paise to Rs 70.68 per liter.
Prices did not increase for two months
Please tell that there was no increase in the prices of petrol and diesel in Corona for the last nearly two months. Although the oil that India has been buying from abroad during this period, its prices have been continuously fluctuating. But it is very surprising that there has been no change in oil prices in the country for 2 months. In fact, if the price of crude increases by one dollar, then it directly affects the retail prices of petrol and diesel.
Increase of one dollar to 40 paise per liter
If the price of crude increases by one dollar, then the price of petrol and diesel increases by 40 paise per liter. This means that fuel prices should have increased by Rs 1.20 per liter based on the last two months. However, oil companies have kept fuel prices stable. Especially when global crude prices fell last month. Because of this, oil companies have been spared from increasing the prices of petrol and diesel.
Now prices can start rising again
There is now an indication that petrol and diesel prices may start improving again on a daily basis. However, price fluctuations may vary from city to city. In Mumbai, Delhi, Kolkata or anywhere you can find little difference in the prices of diesel and petrol. There was already an indication of an increase in diesel and petrol prices, as the news of corona drug coming into the global oil market is expected to increase oil prices.
Demand for oil is increasing
However, the demand for oil in high consumption markets is increasing and the inventory level is decreasing. The price of brand crude had gone up to $ 44 per barrel recently. 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.