Be ready for inflation! Prices of petrol and diesel reached record level
Tuesday - August 28, 2018 11:47 am ,
Category : WTN SPECIAL
Expensive crude oil leads to ‘fire' in petrol and diesel prices
AUG 28 (WTN) - Prices of petrol and diesel are being increased day by day. Tomorrow, on Monday, the price of diesel in Delhi was Rs 69.46 per liter. Today, diesel has reached Rs 69.51 per liter in Delhi. Petrol has become expensive as well as diesel. Today, one liter petrol price in Delhi is Rs 77.96. Talk to Mumbai, the price of petrol has reached Rs 85.38 per liter.
Rupee is consistently weakened against the dollar, due to this the increasing in prices of petrol and diesel is continue. Import of crude oil has also become expensive because of the rupee depreciation. For your information, let you know that compared to all metro cities, petrol-diesel prices are the lowest in Delhi. Earlier, on May 29 this year, diesel had reached record high of Rs 69.31 per liter in Delhi.
For your information, let you know that on August 16, the rupee had reached the lowest level at 70.32 against the dollar. Since then, the price of fuel is constantly increasing. According to information received from the media, the price of petrol has increased by 82 paise per liter in the last 13 days, while the price of diesel has increased by 79 paise.
As you may know, in June last year, oil companies had closed the system of changing in fuel prices on the first and 16th of every month. This system was implemented for the past 15 years. Oil companies now make changes in fuel prices every day.
India imports about 80 percent of its oil requirement. The prices of petrol and diesel are dependent on crude oil prices in the international market. Crude oil prices have increased by five percent in the past one week, after that the prices of petrol and diesel have also increased in India.
It is being said that if the rupee continues to weaken against the dollar and crude oil prices continue to rise, then diesel can reach Rs 75 per liter and petrol can reach Rs 90 per liter. If this happens, then the freight in the country will be expensive, and this will lead to inflation. If this happens then it is natural to have expensive items in the coming times.
AUG 28 (WTN) - Prices of petrol and diesel are being increased day by day. Tomorrow, on Monday, the price of diesel in Delhi was Rs 69.46 per liter. Today, diesel has reached Rs 69.51 per liter in Delhi. Petrol has become expensive as well as diesel. Today, one liter petrol price in Delhi is Rs 77.96. Talk to Mumbai, the price of petrol has reached Rs 85.38 per liter.
Rupee is consistently weakened against the dollar, due to this the increasing in prices of petrol and diesel is continue. Import of crude oil has also become expensive because of the rupee depreciation. For your information, let you know that compared to all metro cities, petrol-diesel prices are the lowest in Delhi. Earlier, on May 29 this year, diesel had reached record high of Rs 69.31 per liter in Delhi.
For your information, let you know that on August 16, the rupee had reached the lowest level at 70.32 against the dollar. Since then, the price of fuel is constantly increasing. According to information received from the media, the price of petrol has increased by 82 paise per liter in the last 13 days, while the price of diesel has increased by 79 paise.
As you may know, in June last year, oil companies had closed the system of changing in fuel prices on the first and 16th of every month. This system was implemented for the past 15 years. Oil companies now make changes in fuel prices every day.
India imports about 80 percent of its oil requirement. The prices of petrol and diesel are dependent on crude oil prices in the international market. Crude oil prices have increased by five percent in the past one week, after that the prices of petrol and diesel have also increased in India.
It is being said that if the rupee continues to weaken against the dollar and crude oil prices continue to rise, then diesel can reach Rs 75 per liter and petrol can reach Rs 90 per liter. If this happens, then the freight in the country will be expensive, and this will lead to inflation. If this happens then it is natural to have expensive items in the coming times.
