Petrol-Diesel Price Hike: Today again there was a shock of inflation, petrol crossed 100 in Delhi. oneindia hindi

oil slick

There has been a continuous increase in the price of petrol and diesel. Oil companies have increased oil prices for 6 days in the last seven days. In the last six days, the price of petrol is increasing by Rs 4 and diesel by Rs 4.10. If you are thinking that this boom is going to stop here then you are wrong. This uptrend is expected to continue in the coming days. If market experts are to be believed, then the price of oil is likely to rise up to Rs.

when the price rises

If we look at the last seven days, the oil marketing companies have increased the prices of oil for 6 days, then on the same day the price has been kept stable. On March 28, the price of petrol was increased by 30 paise, after which the price of petrol in Delhi has reached Rs 99.41 per liter. At the same time, on March 22, the prices of petrol and diesel were increased by 80 paise per liter. The next day on March 23, the price of petrol and diesel was again increased by 80 paise. After this, oil prices remained stable on 24 March, but the very next day on 25 March, the oil companies again gave a shock and the price of petrol and diesel increased by 80 paise. Even on 26 March, people did not get relief and the price of petrol and diesel was increased by 80 paise. On March 27, the price of oil increased by 50 paise, on March 28, the price of petrol was increased by 30 paise and that of diesel by 35 paise.

Why are oil prices rising?

Crude oil supply between Ukraine-Russia was interrupted, while oil marketing companies were suffering increased losses for the last 4 months. There was pressure on the oil companies to keep the prices stable, due to which the pressure was increasing on them. The sharp rise in global crude oil prices has put pressure on the margins of companies. According to a Moody’s report, due to the assembly elections in five states, oil companies did not increase the prices of petrol and diesel, due to which these oil companies have suffered a loss of Rs 19000 crore. According to this report, IOC has suffered a loss of $ 1.1 billion, BPCL 55, HPCL $ 55 million. Now to compensate for this loss, oil companies are increasing the price of petrol and diesel. According to the report, to compensate for this loss, the price of petrol and diesel may increase by 20 to 25 rupees.