After two days of stability, prices of petrol and diesel have increased once again. Oil companies have increased the price of petrol in Delhi by 38 paisa and diesel by 29 paisa a liter. With this, petrol in Delhi has been priced at Rs 68.88 a liter and the price of diesel has also gone up to Rs 62.53 per liter.
In Kolkata, the price of petrol has been increased by 37 paise and diesel by 29 paise. In Mumbai, petrol has been 37 paise and 40 paise liters in Chennai. Diesel prices have increased by 31 paise per liter in Mumbai and Chennai. For the second time this week, the price of petrol and diesel was increased. Earlier, oil companies had raised prices on Monday.
According to IndianOil website, on Thursday, prices of petrol in Delhi, Kolkata, Mumbai and Chennai have gone up to Rs 68.88, Rs 71.01, Rs 74.53 and Rs 71.47 per liter, respectively. Diesel prices have increased to Rs 62.53, Rs 64.30, Rs 65.43 and Rs 66.01 per liter respectively in all the metro cities.Let us tell you that dynamic pricing mechanism has come into force on June 16, 2017 to determine prices of petrol and diesel. From then on, changes in price of petrol and diesel are changed in the international market as per the changes in the price of crude oil.
Price will rise now
From the new year, Brent Crude has become 11% more expensive in the international market. Last month, where Brent crude prices fell below $ 50 a barrel on December 26, at the same time, it is now close to $ 60 a barrel. In this way, the price of crude oil has risen about 10 dollars. According to Anjum Gupta, Deputy Vice President of Angel Commodity, the effect of fluctuations in crude oil prices in the international market is seen at around after the 10 days in the price of petrol and diesel in India. In this way, the prices of petrol and diesel can be increased because of recent increase in crude oil prices.Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures