There has been no change in the prices of petrol and diesel for the sixth consecutive day on Tuesday, April 12. Petrol and diesel prices were last hiked by 80 paise per liter on Wednesday, April 6, taking the total increase in rates in 16 days 10 per litre.
Oil prices fell nearly 4% on Monday, with Brent crude falling below $100 a barrel on concerns that the COVID-19 pandemic would cut demand in China and International Energy Agency (IEA) countries plunging oil from strategic stocks. Planned to release record volumes. ,
The US West Texas Intermediate (WTI) closed at its lowest level since February 25, the day Russian forces invaded Ukraine, an action Moscow calls a “special military operation”.
Brent futures fell $4.30, or 4.2%, to $98.48 a barrel, while WTI crude fell $3.97, or 4.0%, to $94.29. This was Brent’s lowest level since March 16.
petrol in Delhi cost 105.41 per liter while diesel rates will be charged 96.67, as per the price notification of the state fuel retailers. In Gurugram, the cost of one liter of petrol will be 105.86 more 97.10 for one liter of diesel.
Since the end of a long gap of four and a half months in the rate revision on March 22, the prices have increased 14 times. One liter of petrol will be costlier in Mumbai. 120.51 & Diesel 104.77 per liter respectively.
In Chennai, petrol and diesel prices are down 110.85 more 100.94 per liter. Petrol price in Kolkata is 115.12 and diesel is 99.83. One liter of petrol will be charged in Bangalore 111.09 and one liter of diesel will cost 94.79.
Rates have been increased across the country and vary from state to state based on local taxation events.
The sharp rise in prices of essential commodities in the past few months and the latest burden of steep hike in fuel rates has made life difficult for almost every section of the society across the country, as people say they have to manage their household budget. It’s getting difficult. ,
While the prices of vegetables and many other food items have gone down the roof, the prices of petrol and diesel have increased by approx. 10 per liter in the last one month. Apart from this, the prices of other petroleum products including LPG have also seen a rise in the last few days, adding to the woes of a family.
*With inputs from agencies
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