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Tezzbuzz Desk- Once again the increase in the prices of petrol and diesel across the country has increased the problems of the common people. Fuel prices have been increased for the second time in the last five days. In the latest increase, petrol has become costlier by 86 paise per liter and diesel by 83 paise per litre. Earlier on May 15, the prices of both the fuels were increased by about Rs 3 per liter. In this way, within just five days, petrol and diesel have become costlier by about Rs 4 per litre.

After the new prices, petrol in the capital Delhi has reached Rs 98.64 per liter and diesel Rs 91.58 per liter. Before the increase, petrol was being sold at Rs 97.77 and diesel at Rs 90.67 per litre. The continuously rising prices are having a direct impact on the monthly budget of the common people.

Meanwhile, CNG consumers have also not got any relief. The price of CNG has been increased by Rs 1 per kg in Delhi-NCR. Earlier on May 15 also, CNG had become costlier by Rs 2. After the new rates, the price of CNG in Delhi has crossed Rs 80 for the first time and has reached Rs 80.09 per kg, while in Noida its price has reached Rs 88.70 per kg.

Rising fuel prices are affecting daily commuters, auto-rickshaw drivers and app-based cab drivers the most. Due to increase in transportation expenses, it is certain that there will be additional burden on the common man’s pocket. Along with this, due to cost of freight transportation, the prices of food items and daily essential items may also increase.

Experts believe that due to the ongoing tension in West Asia and the Iran war, there has been a sharp rise in the prices of crude oil in the international market. Since the beginning of the war, the price of crude oil has increased by more than 50 percent. At present, crude oil remains above $100 per barrel in the international market.

Apart from this, continuous weakness in the Indian Rupee against the Dollar has also become a major cause of concern. The rupee has fallen to a record low of 96.23 per dollar. This has made buying crude oil more expensive for import-dependent countries like India. If the rupee depreciates further, we may see a further increase in the prices of petrol and diesel in the coming days.

Rising inflation and high fuel prices have increased the concerns of the common man. Experts say that if the global situation does not improve soon, everything from transportation to food items may become expensive in the future.