Due to increase in crude oil prices across the world, prices of petrol and diesel may soon increase in India too. According to the report, after May 15, petrol and diesel may become costlier by Rs 4-5 and domestic LPG cylinder by Rs 40-50.
New Delhi: Crude oil prices are skyrocketing across the world. Its effect may soon be seen in India also. According to a report by India Today TV, the prices of petrol and diesel may be increased in the country before May 15. If the government approves this increase, then the prices of petrol and diesel may increase by Rs 4 to 5 per liter. At the same time, the price of domestic LPG cylinder may also increase by Rs 40 to 50. The special thing is that this will be the first time in almost four years that there will be such a huge increase in the prices of petrol and diesel. Retail prices remain almost stable through 2022.
According to sources, the country's oil companies (OMCs) are incurring losses of around Rs 30,000 crore every month. This is because of the huge difference between retail prices and rising costs. Amidst the ongoing war in the Middle East, the price of crude oil increased from $ 70 per barrel to $ 126 per barrel, which deepened the crisis. Despite having such a huge impact on the worldwide oil market, India has not yet increased retail fuel prices.
Due to the long-running instability in the Middle East, crude oil prices increased from $ 70 per barrel to $ 126 per barrel. The Strait of Hormuz, which supplies about 20% of the world's oil, was disrupted by the war. This caused a major blow to the energy supply of the entire world.
-
Chanakya’s principles of becoming rich
-
BCCI preparing to change T20 captain? This player can get command in place of Suryakumar
-
Watermelon Popsicles: These refreshing popsicles made from watermelon will give you coolness in summer, note the easy recipe.
-
BTS draws massive crowd in Mexico City
-
Man Dies After Falling In Love With AI Chatbot: 4732 Messages, 2000 Page Of Chat Found
