New Delhi: For the first time in 80 days after the rise in crude oil prices, fuel prices have seen an increase in the country. Government oil companies today announced an increase of 60 paise per liter in petrol and diesel prices. After this, petrol has reached Rs 72 per liter in New Delhi and Rs 79 per liter in Mumbai. At the same time, diesel has reached the level of about 70 rupees per liter and in Mumbai about 69 rupees per liter.
Earlier, the price of petrol and diesel was changed on 16 March. The sharp fall in crude oil prices was witnessed due to the Corona crisis, although prices remained stable even after the decline in crude oil due to increase in tariffs by central and state governments to deal with the lockdown. At present, prices of crude oil are increasing. During the last one week, the price of Brent crude has gone up by 20 percent to over $ 40 per barrel, after which the price of petrol and diesel has increased.
Last month itself, the central government increased excise duty on petrol by Rs 10 per liter and diesel by Rs 13 per liter. However, it did not affect retail prices due to cheap crude. Let us tell you that oil prices are reviewed every day, and these are dependent on the international prices of crude oil as 80 percent of the country's requirement is imported.
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