Thursday, February 22nd, 2024

Petrol-Diesel Price: There will be relief from the inflation of petrol-diesel after one year! Know why the price can decrease


New Delhi:After about a year, the price of petrol and diesel can be cut in the country. Oil marketing companies last changed the price of petrol and diesel in April last year. After this, in May, the Center reduced the excise duty on petrol and diesel. Since then, there has been no change in the price of petrol and diesel in the country, while the international price of crude oil has fluctuated a lot during this period. Currently, the price of petrol in Delhi is Rs 96.72 and diesel is Rs 89.62 per litre. The price of petrol is above Rs 100 per liter in many cities. But in the election year, people can get relief from the inflation of petrol and diesel. Assembly elections are to be held in many states this year and then general elections will be held in the country next year.

According to sources, the oil companies have made up for the old losses on petrol and diesel. They are making a profit of Rs 5 per liter on the retail sale of petrol. Now they have started making profit on diesel also but it is still less than Re 1 per litre. If sources are to be believed, Petroleum Minister Hardeep Singh Puri has appealed to the oil companies to change the retail price of petrol and diesel according to their convenience and scope.

Increasing proximity to Russia, India getting double benefit, Iraq reduced oil prices

crude price

However, a high official of an oil company said that no decision will be taken in haste. Crude prices fell by about two per cent on Wednesday and Thursday. Brent crude is trading at $ 80.82 a barrel, down $ 0.28, or 0.35 percent, in early trade on Friday. Similarly, WTI is also down by $ 1.87, ie 2.36 percent, at $ 77.79. At one point in March last year, the price of crude oil reached $139 a barrel, its highest level since 2008, after the war between Russia and Ukraine.

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