Rs.25 Increased in Petrol and Diesel Prices
Petrol and diesel costs in india are expected to rise by up to Rs 15 a litre this week, according to experts. The prices of crude oil has surged to a 13-year high on the worldwide market. The price of Brent crude has risen to $ 140 per barrel. As russia infiltrates Ukrraine, the cost of crude oil is skyrocketing on the world market.
In this situation, India's petrol and diesel prices have remained stable for the past four months. Since the 5th state assembly elections, the price of gasoline and diesel has remained unchanged. Experts believe that domestic gasoline and diesel prices will soon climb due to rising international crude oil costs now that the election is finished. It is expected to rise to Rs 25 per litre in the near future. In the previous session, the rupee had lost 77.03 against the dollar.
Imports account for around 84 percent of India's fuel requirements. As a result, india appears to be the only Asian country to be affected by rising crude oil prices. Since 2017, India's oil prices have fluctuated every 16 days. However, since november 5, 2021, there has been no adjustment in fuel prices in India. In this case, the price of gasoline and diesel may rise by Rs 25 per litre, but it is expected to rise gradually to 51 rupees per day rather than all at once.