This article was last updated on April 16, 2022
Canada: 
Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
USA: Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
Petrol and Diesel price has been raised this Monday with a jump of Rs. 1.69 per litre and diesel by 50 paise a litre due to the Iraq crisis which have started to haunt the international oil and currency markets. The rise in prices will come into action from midnight today. This new petrol price excludes local sales tax or VAT and the real rise in price will be higher, different for every different city.
Petrol in Delhi will cost Rs. 73.58 per litre, up Rs. 2.02 from Rs. 71.56 at present. Diesel rates will go up by 56 paise to Rs. 57.84 per litre according to Hindustan Times. “Due to geo-political unrest in the Middle East, there has been significant increase in international oil prices during the past two weeks. The international prices of gasoline (petrol) have increased by more than USD 4 per barrel, and the rupee-US dollar exchange rate has also deteriorated. The combined impact of both these factors has warranted an increase in petrol prices by Rs. 1.69 per litre, excluding state levies,” Indian Oil Corp, the nation’s largest oil firm informed.
IOC further added that oil firms are losing Rs. 3.40 a litre on diesel. Losses have increased from Rs. 2.80 a litre earlier this month due to firming up of international oil rates and the rupee depreciating against the US dollar. Besides diesel, the state oil firms lose Rs. 33.07 a litre on kerosene sold through the public distribution system (PDS) and Rs. 449 per 14.2-kg domestic subsidised LPG cylinder.
Be the first to comment