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Petrol Diesel Price Today: Petrol-Diesel became expensive again today, know what are the latest oil prices in your city

Major oil companies in the country have released petrol and diesel prices for Saturday, March 26. This is another increase by the oil marketing companies in petrol-diesel prices. In the capital Delhi, one liter of petrol has increased to Rs 98.61 and one liter of diesel has increased to Rs 89.87 due to the increase in oil prices yesterday.

Fuel costs in Mumbai have increased due to the latest rise in oil prices to Rs 113.35 per liter for petrol and Rs 97.55 for diesel. Diesel and petrol prices in Delhi rose by 80-80 paise per liter while in Mumbai, petrol prices rose by 84 paise per liter and diesel 85 paise per liter.

Petrol and diesel higher by Rs 3.20 in Delhi within four days

The price of gasoline and diesel continues to rise across the country. This week, petrol and diesel prices have increased for the fourth time in a row. Prices have increased by 80-80 paise for 4 consecutive days in Delhi. As a result, diesel and petrol prices in Delhi increased by Rs 3.20 over the past four days.

Price of petrol & diesel in Delhi at Rs 98.61 per litre & Rs 89.87 per litre respectively today (increased by 80 paise)

In Mumbai, the petrol & diesel prices per litre at Rs 113.35 & Rs 97.55 (increased by 84 paise & 85 paise respectively)

(File pic) pic.twitter.com/9r1RQSvTH8
— ANI (@ANI) March 26, 2022

The price of petrol in Delhi was 95.41 rupees per liter before the increase in oil prices but is now 98.61 rupees per liter due to the increase in oil prices. You can view the latest petrol and diesel prices in your cities by clicking on this link.

The price of crude oil also rose

The price of crude oil, meanwhile, is also rising today. The price of crude oil has reached $ 120.7 per barrel on the international market today. As of Saturday, WTI Crude prices have increased to $113 per barrel after increasing and Brent Crude prices have increased to $120.7 per barrel after increasing.

Will diesel-petrol prices again hurt the average person’s pocket? Price can increase up to 30 rupees

International crude oil prices are continuing to rise steadily. Even after Russia’s attack on Ukraine, crude oil crossed the $100 per barrel mark for the first time since 2014, but the boil has not abated. Despite the rise in crude oil prices, many countries turned to strategic reserves to avoid this.

On Wednesday, Brent crude crossed the 110-dollar mark on the global market. Due to this, it is about to be decided to increase the price of diesel and petrol in India. According to the figures, it’s possible that petrol prices could rise by more than Rs 30 per liter in the next few days.

Oil became so expensive in 3 months

Recent days have seen a significant increase in Crude Oil Prices due to the Ukraine Crisis. The price of crude oil was around $ 70 per barrel on 02 December 2021, but it has now crossed $ 110. As of December 2, Delhi’s diesel and petrol prices remain unchanged. The Delhi government decreased the VAT on petrol and diesel on December 1. Diesel and petrol prices in Delhi have not changed since then. There has been a 57 percent increase in the price of crude oil since then. On the domestic market, the price of gasoline and diesel remains the same.

The government will again take any measures

According to the high price of crude oil since December, if the government oil companies increase the price of petrol by the same amount, soon it may increase by more than Rs 30. On December 2nd, Delhi’s petrol price was 95.41 rupees. When the government cut excise in November, crude oil was trading for around $82 per barrel. The price of crude oil has risen about 35 percent since November. Accordingly, if the fuel companies increase the price of diesel and petrol, then soon their retail prices can set a new record.

JP Morgan anticipates a rise in diesel-petrol prices

According to a recent report by brokerage firm JP Morgan, oil companies do not plan to raise diesel and petrol prices that much. According to the report, the assembly elections in five states will be completed by next week. Diesel-petrol prices can be increased every day after this.

According to JP Morgan, government oil companies are currently losing Rs 5.7 per liter on diesel and gasoline. Over the past month, crude oil prices have increased by over 5 percent. To compensate for the loss, the government oil companies should increase the price of diesel petrol by 9-10 rupees.

Petrol Diesel price will become more expensive by Rs 5-6 a liter after the assembly elections

The price of gasoline and diesel in the country does not increase despite the continuous rise in crude oil prices on the global market. As a result, oil companies are losing money. Due to assembly elections in five states, prices for gasoline and diesel have not increased. Petrol Diesel prices may rise by Rs 5-6 a liter after the assembly elections.

According to experts, companies are suffering huge losses due to the non-increasing prices of petrol and diesel. The prices have increased by Rs 5-6 a liter as a result. After the assembly elections in five states, gasoline and diesel prices will probably rise if crude oil prices stay high on the international market.

Learn how prices affect the economy

In the domestic market, the price of crude oil will increase by 45-47 paisas per liter when crude oil is costing more on the global market. Since Diwali, petrol and diesel prices in the domestic market have remained stable despite increases in crude oil prices in foreign markets.

The price of crude oil is rising

As a result of ongoing tensions between Russia and Ukraine, the price of international crude oil rose to $94 per barrel on Tuesday. This is the first instance since 2014 that crude has reached this price. The cost of crude oil may exceed $125 per barrel if tensions between Russia and Ukraine persist.

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