With the increase in diesel, the ‘journey’ of inflation started again in the country, why are the prices increasing?
new Delhi. Petrol and Diesel price There is a steady increase in Since last friday till now i.e. three days price of petrol Has increased by more than 40 paise per liter. While diesel prices have increased by 60 paise per liter. If we talk about today, then the price of petrol has increased by 8 paise and the price of diesel by 20 paise per liter. The increase in the price of diesel affects the country’s inflation. Increases the price of food items in the country. Let us also tell you how much the prices of petrol and diesel have become and what are the reasons for this …
Petrol price continues to increase
According to information received from IOCL, the price of petrol has increased by 8 paise per liter in all the four metros of the country on Sunday. After this increase in the country’s capital Delhi and Kolkata, the prices have been raised to Rs 81.46 and Rs 83.03 per liter respectively. While Mumbai and Chennai have seen an increase of 7 paise per liter. After this, petrol prices in both the metros have been Rs 88.16 and 84.53 per liter respectively.
Diesel price also increases
According to the information received from the IOCL, there has been an increase for the third consecutive day in all the four metros of the country. The country’s capital Delhi and Kolkata have seen an increase of 19 paise per liter. After this, the price of diesel in both the Mahnagars has been Rs 71.07 and Rs 74.64 per liter respectively. While Mumbai has seen an increase of 20 paise and Chennai 18 paisa per liter. After which the price of diesel in both metros has been reduced to 77.54 and 76.55 rupees per liter respectively.
Petrol and diesel prices increased in three days
If we talk about the price of petrol, then in three consecutive days, there has been an increase of more than 40 paise per liter in the four metros of the country. The capital of the country has seen an increase of 40 paise in Kolkata, 44 paise in Kolkata, 42 paise in Mumbai and 39 paise per liter in Chennai. Talking about diesel at the same time, diesel has become expensive by 61 paise in the country’s capital. While 65 paisa in Kolkata, 68 paise in Mumbai and 60 paise per liter in Chennai has become expensive.
Tremendous rise in crude oil price
There has been a tremendous rise in the price of crude oil in the month of November. Currently, the price of brand crude oil is trading at $ 45 per barrel. While the price of US crude oil is trading at $ 42.42 per barrel. In the month of October, the average price of Brent crude oil was around $ 35 per barrel and WTI around $ 32 per barrel. That is, the price of crude oil has increased by $ 10 per barrel. According to experts, the price of crude oil may increase in the coming days.
Why the price of crude oil rose
According to Ajay Kedia, director of Kedia Advisory, one of the main reasons for the rise in the price of crude oil is that OPEC is once again going to make a big cut in crude oil production. At the same time, due to the recent report about the vaccine, the price of crude oil is getting support. On the other hand, the figures of countries like China and Japan have come very well, due to which there is a possibility of increase in demand for crude oil. Ajay Kedia says that European countries are once again under lockdown. In such a situation, there will not be any increase in the price of crude as compared to the pre-Kovid level.