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Petrol-Diesel Price Hike Reason: The impact of the ongoing war in the Middle East is now visible on India as well. Three major incidents have occurred in the last 48 hours. First, two big dairy companies of the country, Amul and Mother Dairy, announced to increase the prices of their milk. The general public was just calculating how much this would fill on their plate for a month? Meanwhile, the news of increase in the price of CNG came out and then this morning the biggest burden on the common man’s pocket increased further when the oil companies announced to increase the prices of petrol and diesel.

Yes, Indian oil companies have announced an increase in the prices of petrol and diesel today to reduce the losses caused by the Middle East war. A few hours before this, the prices of CNG were also increased. That is, first milk, then CNG and now petrol-diesel. When the common man, who was already struggling with inflation, got a three-pronged attack in 48 hours. This continuous increase has made everything from home kitchen to driving on the road expensive. Due to which public concern has increased. But the bad news is that this is just the beginning, the inflation rate is going to increase in the coming days.

How much did the price of petrol and diesel increase?

Oil companies have increased the prices of petrol and diesel by three rupees on Friday. In the capital Delhi, petrol has become costlier by Rs 3.14 per liter to Rs 97.77, while the increase in diesel is Rs 3.11 and the price of one liter diesel has now become Rs 90.67.

• Regular petrol: ₹94.77 to ₹97.91 per liter
• Premium petrol: ₹102–104 to ₹105.14–107.14 per liter
• Regular diesel: ₹87.67 to ₹90.78 per liter

How much did CNG price increase?

Apart from petrol and diesel, CNG prices have also increased across the country. CNG prices have increased by Rs 2. Under this, one kg CNG will now be available in Delhi at the price of Rs 79.09. Earlier yesterday, CNG prices were increased by two rupees in Mumbai.

Why is inflation increasing in India?

The main reason behind this rising inflation in India is the ongoing conflict between America and Iran in the Middle East. Which is affecting the whole world including India. The Strait of Hormuz, which is very important from the oil trade point of view, has been blockaded by Iran for more than two months. More than 1,500 ships from around the world are stranded in the Strait of Hormuz due to Iran’s blockade. It is currently impossible to say anything about when they will be able to leave from there.

According to the report of the Petroleum Ministry, since the beginning of the war, Indian oil companies have suffered a loss of about Rs 1,000 crore every day, that is, till now the oil companies have suffered a loss of Rs 70 to 75 thousand crore. Whereas the loss of the last quarter is around Rs 1 lakh crore. The continuous losses incurred by oil companies have made the situation more difficult.

PM Modi had appealed to the public

The discussion about increase in the prices of petrol and diesel started with the start of the US-Iran war. But the government was postponing it earlier due to elections in 5 states. But after the election results came on May 4, it was decided that oil companies could soon announce increase in prices.

After this, when Prime Minister Narendra Modi appealed to the countrymen to travel by buses and metro to reduce the consumption of petrol and diesel, it put the final stamp on the discussion about increase in oil prices. However, after appealing to the public, PM Modi himself took a big decision and announced to reduce the number of vehicles in his convoy by 50 percent to show how big the energy crisis is in India.

The worries are not over yet

In the last 48 hours the general public has suffered three major shocks. But the bad news is that the crisis in the Strait of Hormuz has not been averted due to the increase in the prices of CNG and petrol and diesel. There, Indian ships are still stranded which are loaded with essential commodities like crude oil, CNG and LPG. If the tension in the Middle East does not end soon, then in this situation there may be an increase in the prices of petrol, diesel, CNG and LPG in the coming time.

Apart from this, due to oil becoming expensive, transportation prices will also increase. Due to which the prices of vegetables, fruits, grains and many other essential items will increase. Trucks, buses and other vehicles running on diesel will also be affected. Therefore, it would not be wrong to say that in the coming time, a huge impact of inflation can be seen on the general public of India.