New Delhi4 minutes ago
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The prices of petrol and diesel in the country have been increased by 90 paise per liter on Tuesday. This is the second increase in fuel prices in less than a week. Earlier, last Friday itself, the prices were increased by Rs 3 per liter.
Petrol became costlier by 87 paise and diesel by 91 paise in Delhi.
The price of petrol in Delhi has increased by 87 paise to Rs 98.64 per liter, which was earlier Rs 97.77 per liter. At the same time, the price of diesel has increased by 91 paise, due to which it is now being sold at the rate of Rs 91.58 per liter as against Rs 90.67.
Maximum increase of 96 paise on petrol in Kolkata
The fastest increase in petrol prices has been recorded in Kolkata. Here petrol has become costlier by 96 paise and has reached Rs 109.70 per litre. At the same time, the price of diesel has increased by 94 paise per liter, after which now diesel is available in Kolkata at Rs 96.07 per liter.
Petrol reached ₹ 107.59 and diesel ₹ 94.08 per liter in Mumbai.
A big increase in fuel prices has also been seen in the country’s financial capital Mumbai. Petrol in Mumbai has become costlier by 91 paise to Rs 107.59 per litre. With this, the price of diesel has increased by 94 paise to Rs 94.08 per liter.
Prices increased in Chennai too, petrol crossed ₹ 104.49
Petrol prices in Chennai, the major metropolis of South India, have increased by 82 paise per liter, after which the new price has become Rs 104.49 per liter. Diesel prices in Chennai have also increased by 86 paise per litre, due to which consumers now have to pay Rs 96.11 for one liter of diesel.
Prices of other things may also increase…
- The increase in diesel prices has a direct impact on the common man’s pocket and kitchen. Understand it this way:
- Freight will increase: Truck and tempo fares will increase, due to which vegetables, fruits and ration coming from other states will become expensive.
- Cost of Farming: Farmers will have to spend more to run tractors and pumping sets, which will increase the cost of grains.
- Bus-Auto Fare: There may also be an increase in the fares of public transport and school buses.
Why did the prices of petrol and diesel increase?
The main reason for this increase is the fluctuations in crude oil prices in the international market. Before the start of the war between Iran and America, the price of crude oil was $ 70, which has now increased to beyond $ 100 per barrel.
Oil companies were under pressure due to rising crude prices. Therefore, companies have taken this step to compensate for the losses. If the prices of crude oil continue to rise for a long time, the prices of petrol and diesel may increase further.
Prices increased in neighboring countries, now increased in India
The government had till now argued that global oil prices had risen due to the West Asia war. Due to this, the prices of petrol and diesel in neighboring countries like Pakistan, Nepal and Sri Lanka increased by 15% to 20%, but the burden was not passed on to Indian consumers.
Prices had not changed since 2024, there was a cut before the elections.
Petrol and diesel prices in the country had remained stable since March 2024. Just before the Lok Sabha elections 2024, the government had given relief to the public by reducing the prices by ₹ 2 per liter. Although technically fuel prices in India are regulated and companies can change rates every day based on the 15-day average price of international crude, these were not changed for a long time due to political sensitivity.
Oil companies were incurring losses of Rs 30 thousand crores every month.
According to the government, government companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum were incurring losses due to high prices of crude oil in the international market.
According to Sujata Sharma, Joint Secretary of the Petroleum Ministry, companies are incurring a loss of about ₹ 30,000 crore every month on the sale of petrol, diesel and LPG.
Excise duty on petrol and diesel was reduced by Rs 10 each.
Earlier, to keep the prices of petrol and diesel stable, the government had reduced the special excise duty by Rs 10 each. Duty on petrol was reduced from ₹13 per liter to ₹3, while that on diesel was reduced from ₹10 to zero. A total excise duty of Rs 21.90 was collected by the Central Government on one liter of petrol.
After reduction in special additional excise duty, it came down to Rs 11.90. Similarly, the total central excise duty on one liter diesel was reduced from Rs 17.8 to Rs 7.8.
This decision of the government was to keep the prices of petrol and diesel stable. Due to this decision the prices of petrol and diesel did not increase. Read the full news…
PM Modi had said- reduce fuel use
Prime Minister Narendra Modi, during an event in Telangana on Sunday, had suggested cautious use of petroleum products in view of the geopolitical situation in West Asia.
The PM had said that today the need of the hour is to use petrol, gas and diesel very sparingly. We should use imported petroleum products only as per requirement. This will not only save foreign exchange, but will also reduce the adverse effects of war.
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