Petrol costs Rs 1.20 in two days, check the new rate list

Petrol and diesel prices increased by 60 paise per liter for the second consecutive day on Monday.

• On Monday, the price of petrol and diesel increased by 60 paise
• Petrol price in Delhi goes up to Rs 72.46 per liter

Petrol and diesel prices in the country have started rising once again. On Monday for the second consecutive day, the price of petrol and diesel increased by 60 paise.

Due to this, the price of petrol in Delhi has increased from Rs 71.86 to Rs 72.46 per liter, while the price of diesel has been increased from Rs 69.99 to Rs 70.59 per liter. Earlier on Sunday, oil companies, after reviewing the prices after a gap of 83 days, had increased it by 60 paise per liter. In this way, prices have increased for the second consecutive day. Petrol has become expensive by Rs 1.20 per liter in these two days.

According to the website of Indian Oil, in addition to Delhi, the price of petrol in Kolkata, Mumbai and Chennai has increased to 74.35, 79.49 and 76.60 per liter respectively on Monday. At the same time, diesel prices are 66.61, 69.37 and 69.25 per liter respectively.

Why was it not increasing

Actually, petrol and diesel prices were not being reviewed on a daily basis. According to an oil company official, the daily price revision has started again. Although oil companies were regularly reviewing ATF and LPG prices, there was no change in petrol and diesel prices from 16 March.

Explain that to take advantage of the fall in the prices of crude oil in the international market, the government had increased the excise duty on petrol and diesel by three rupees per liter, after which the review of prices was stopped. After this, on 6 May, the government once again increased the excise duty on petrol by Rs 10 per liter and in diesel by Rs 13 per liter.

Crude oil demand will increase. Crude oil demand will increase

According to experts, the price of crude oil may increase further in the coming business week. In fact, with the return of economic activity back on track in major economies of the world, the demand for oil is likely to increase, which will support prices. In the US, the release of data on the reduction in unemployment last week will also support the price of crude oil and the price of US crude WTI can go up from 42 to 44 dollars per barrel.