Petrol price breaks 2-year record in Delhi, Know diesel's condition

New Delhi: People are already facing an economic crisis due to the global epidemic coronavirus. Now the increase in the prices of petrol and diesel has worked to break the back of the general public. For the first time in two years, the price of petrol in the capital of Delhi has crossed Rs 83 per litre.

Petrol price has crossed Rs 82 per litre in Delhi on Saturday due to the rise in oil prices globally. According to the price notification of the oil marketing companies, on Saturday there was an increase of 27 paise per litre in petrol and 25 paise in diesel. Petrol prices in Delhi have increased from 82.86 to 83.13 per litre. Diesel rates increased from 73.07 to 73.32 per litre. This is the highest rate for petrol and diesel since September 2018 and rates have risen for the 13th time since November 20. Oil companies have resumed daily price revisions after a gap of about two months.

In 16 days, the price of petrol has increased by 2.07 per litre and the rate of diesel by 2.86. By the end of October 2020, Brent crude oil has fallen by 34%, which is expected to increase demand for recovery from the Coronavirus vaccine. Despite the second wave of Covid-19 in Europe and America, oil prices continue to rise.

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