News Report

Fuel Price Hike: Is Modi Govt’s Flawed Foreign Policy Pinching The Common Man Now??

Since last year India has got a new player who is consistently scoring centuries despite not even being in the playing 11. If you haven’t already guessed, I’m talking about the prices of Petrol and diesel. After Petrol prices crossed 100 Rupees last year, now the price of diesel crossed the ₹100 per litre mark for the first time in the country. As of today, both petrol and diesel prices have touched fresh record highs across the country. In the national capital, the petrol price rose 28 paise while that of diesel inched up 26 paise. Following the latest price revision, petrol in Delhi is now retailing at Rs 97.50 a litre while diesel is selling at Rs 88.23. In the financial capital Mumbai, petrol price now stands at Rs 103.63 while diesel costs Rs 95.72, as per the data available on Indian Oil Corporation’s website. showed. This marks the 12th price rise in the auto fuel prices so far in the month of June. But hold on, we still have 8 more days to go for the end of June. You know, last month, we had revision in Petrol and Diesel prices 16 times. There are multiple factors that affect Petrol Price. Crude Oil and the exchange rate for the US dollar against the rupee are among them. Let us first talk about Crude Oil. India imports about 82% of the required crude oil for its petroleum products.

#FuelPriceHike #Petrol #Diesel #US #Iran #CrudeOil #SaudiArabia #OPEC #Aramco #India

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