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Petrol Rate: Crude hits ten-year high .. What are the prices of petrol and diesel ..?

The News GlorybyThe News Glory
11/06/2022

The price of a basket of crude oil bought by India has shot up to a decade high. The price touched $ 121 per barrel. Crude oil prices in India have touched a ten-year high but petrol and diesel prices have remained stable across the country. According to the Petroleum Planning and Analysis Cell (PPAC) data of the Ministry of Oil, prices in February and March 2012 were at this level. According to the PPAC (Petroleum Planning and Analysis Cell), the average price of Indian basket crude oil between February 25 and March 29 this year was $ 111.86 per barrel. At that time Russia was invading Ukraine. Crude oil prices rose immediately after the attack. Between March 30 and April 27, crude oil prices averaged $ 103.44 a barrel.

Internationally, oil prices hit a 13-week high. With the significant increase in demand from key buyers like the US .. Oil prices are skyrocketing again. However, public sector oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation are reviewing petrol and diesel rates in line with these costs. But the companies have not changed petrol and diesel rates. These companies are also involved in the government’s fight to control inflation. That is why the companies are not changing prices, the sources said. Petrol and diesel prices are the main contributors to the rise in inflation. Despite rising prices in international markets due to rising inflation, companies are keeping prices unchanged. The companies bear a loss of Rs 18 on petrol and Rs 21 on diesel. India, on the other hand, imports 85 per cent of its energy needs from other countries.

Also Read: The good news for women is that the price of gold has plummeted and silver has plummeted

Today’s petrol and diesel prices ..

Despite rising crude oil prices in India, the petrol price in the national capital, Delhi, remained stable at Rs 96.72. Diesel price is also quoted at Rs 89.62 per liter. In Hyderabad, petrol and diesel prices were Rs 109.66 per liter and Rs 97.82 per liter respectively. Even in Hyderabad, these prices have not changed. In Mumbai, petrol is priced at Rs 109.27 per liter and diesel at Rs 95.84 per liter. In Chennai, petrol and diesel rates were Rs 102.63 per liter and Rs 94.24 per liter respectively. In Guntur, however, the price of a liter of diesel rose by 11 paise to Rs 99.53. Also, the price of a liter of petrol has gone up by 12 paise to Rs 111.81.

Also Read: HDFC duck is not normal ..! How much are EMIs increasing ..?

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