Petrol, diesel prices hiked again, 5th time in 6 days

NEW DELHI: Gasoline and diesel prices rebounded on Sunday – the fifth increase in six days.
Gasoline will now be 50 pap/liter cheaper and diesel 55 pistons a liter.
In Delhi, petrol is currently priced at Rs 99.11 per liter while the price of diesel has increased to Rs 90.42, according to price announcements by state fuel retailers.
Prices have been frozen since November 4 ahead of council elections in five states.
But four increases, 80 parts each, and the latest increase on Sunday means petrol now costs Rs 3.70 more and diesel an extra Rs 3.75 a liter from the price six days ago.
Fuel prices on the international market, which have been buoyed by the economic recovery from the Covid-19 recession, have continued to soar since Russia’s invasion of Ukraine, putting pressure on retailers in the country.
India’s oil companies have not adjusted gasoline and diesel prices for a record 137 days despite the price of crude (the raw material for fuel production) rising to $117 per barrel from around $82 at the start of the month. 11, currently shipping to consumers on demand. increase in stages.
CRISIL Research says retail prices will increase by Rs 9-12 per liter to move off the average crude oil $100 per barrel and increase by Rs 15-20 per liter if the average crude oil price rises to $110-120.
(With input from PTI)


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