Oil prices rose for the second day in a row

Oil prices rose for the second day in a row

Oil and diesel prices rose for the second day in a row today, with a fourth rise recorded in the first week of June. In recent rises, the price of petrol has broken 95 rupees per liter in Delhi and Kolkata.

Delhi gasoline will cost now While it will cost 95.31 liters of diesel 86.22 liters. In Kolkata, the price of a liter of gasoline has been revised 95.28, while the price of diesel has risen 89.07 liters. Chennai will now have to release him 96.71 petrol and 90.92 for diesel.

Mumbai, when gasoline had previously broken the triple price figure, on Monday prices reached new heights. The Mumbai will have to pay now 101.52 per liter of gasoline, and 93.58 liters of diesel.

Oil and diesel prices have risen 20 times in the last 35 days since last month. Since May 4, when the current wave of rides began, gasoline and diesel prices have risen almost 5 and 6 liters respectively. It is one of the hardest rides in such a short period of time in recent months.

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The short-term gains in the 66-day rate hike, when they went to the five state assembly ballots, were dismantled in just over a month. From March 24 to May 3, oil companies cut diesel and diesel rates by 77 paise and 74 paise liters.

The price of oil has been the highest ever in several places breaking the Rs-100 mark in cities like Mumbai, Ratnagiri, Parbhani, Aurangabad, Jaisalmer, Ganganagar, Banswara, Indore, Bhopal, Gwalior, Guntur and Kakinada.

The recent rise in fuel prices has come at a steady pace despite lower demand across the country despite lower gross world prices. Fuel prices in India remain high due to the harsh tax rate imposed by the Center and state governments. Special taxes and freight costs imposed by the central government together with the VAT imposed by the state governments contribute 60% of the retail price of gasoline and 54% of diesel.


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