Crude Oil Price Hike: Crude oil prices are seeing a rise again. Despite OPEC’s decision to increase crude oil production by oil producing countries, crude oil is trading above $ 111 per barrel in the international market. Brent Crude Oil price is trading at $ 111 per barrel, due to which there is a possibility of increasing the price of petrol and diesel once again.
Petrol diesel prices likely to rise
Last month, the Chief Economic Advisor had said that if crude oil prices remain below $110 per barrel, then there will be no need to increase the prices of petrol and diesel. But if the price remains above $ 110 per barrel, the customers, government and government oil companies will have to bear the burden. But now because crude oil is trading above $ 111 per barrel, then government oil companies can increase the price of petrol and diesel again.
Price hiked up to Rs 10 earlier
Let us tell you that after the end of the assembly elections in five states, state-owned oil companies started increasing the prices of petrol and diesel from March 22, 2022. And till 6 April 2022, the price of petrol and diesel increased by Rs 10 per liter. Petrol diesel prices have not been increased since 6 April. If we look at the prices of petrol and diesel in four metros, then in Delhi, petrol is available at Rs 105.41 per liter and diesel at Rs 96.67 per liter. Petrol in Mumbai is priced at Rs 120.51 per liter and diesel at Rs 104.77 per liter. Petrol in Chennai is available at Rs 110.85 per liter and diesel at Rs 100.94 per liter and in Kolkata, petrol remains at Rs 115.12 per liter and diesel at Rs 96.83 per liter.
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