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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.

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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Petrol, diesel prices have touched all-time highs after the latest hike

As international crude oil prices remain high, state-run oil marketing companies (OMCs) hiked domestic fuel prices again on Friday. There is a second hike this week after a pause on Tuesday.

There is a 25-paise rise in the price of petrol and a 30-paise increase in the price of diesel. OMCs have resumed increasing gasoline and diesel prices this month, which resulted in a fresh all-time high in fuel prices today.

The price per litre of petrol in Delhi is Rs 101.89, while those in Mumbai are almost Rs 108. Kolkata’s cost is Rs 102.47 per litre, while Chennai’s is Rs 99.58. There are now more cities in which petrol remains over 100 rupees per litre since the fresh round of hikes.

Oil companies have increased petrol and diesel prices as crude oil prices rose sharply recently. The price of crude oil has fallen for the past two days, but Goldman Sachs has suggested that it will cost $90 a barrel by the end of the year.

India, one of the largest oil importers in the world, is alarmed by the development, as it will experience a sharp increase in petroleum products.

Experts have expressed concern over high energy prices that have already led to a price increase for many goods. Fuel costs affect the costs of manufacturing and delivering goods since they directly impact input costs.

As fuel prices remain high, inflation will rise sharply, and the consumer demand that drives economic growth will be directly affected.