Petrol and diesel prices continue to rise, increase from 28 to 31 paise per liter


New Delhi. Petrol and diesel prices in the country again registered a rise of 28 paise and 31 paise per liter on Friday. Oil marketing companies (OMCs) continued to hold price hikes for the last 18 days due to state elections. This is the fourth day increase in fuel prices as petrol and diesel prices were increased by 15 paise and 18 paise per liter on Tuesday, 19 paise and 21 paise respectively on Wednesday, 25 and 30 paise respectively on Thursday.

With Friday’s increase, petrol is now being sold in the capital at Rs 91.27 a liter and diesel at Rs 81.73 a liter.

The price of petrol and diesel has increased across the country on Friday, but the amount varies depending on the level of local levy in the respective states.

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Petrol prices in some states have reached the level of Rs 100 per liter, while premium petrol has been hovering above that level for some time.

IANS previously reported that OMC Petrol and Diesel Post may start increasing the retail price of the state elections as they were incurring losses of Rs 2 to 3 per liter despite higher global crude and product prices. Oil companies had increased ATF prices by 6.7 per cent earlier this month.

OMC benchmark retail fuel prices for 15-day rolling averages of global refined products prices and dollar exchange rates have exceeded global oil prices from $ 66 to $ 67 a barrel in the past fortnight, when petrol and diesel prices Was last amended. Crude prices have now risen to around $ 69 per barrel.

Earlier, the prices of petrol and diesel had increased by 26 autos in 2021, so far this year, both auto fuels have increased by Rs 7.46 and Rs 7.60 per liter.

With global crude oil prices of around $ 69 a barrel, OMC could see fuel prices improve again if there is any further strengthening.

–IANS

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