Saturday, January 28, 2023
19.1 C
Saturday, January 28, 2023
- Advertisement -corhaz 3

Prices For Petrol-Diesel Rises For 7th Time In 8 Days. Check New Prices

On Tuesday, fuel prices were raised for the seventh time in the last eight days. According to a price notification issued by state fuel merchants, petrol prices in Delhi have been increased by 80 paise a litre to cross the 100 mark, and diesel prices have been increased by 70 paise a litre.

Petrol will now cost 100.21 per litre in the national capital, up from 99.41 previously, while diesel will cost 91.47 per litre, up from 90.77 previously.

Petrol will be sold for 115.04 a litre in Mumbai, while diesel will be sold for 99.25 per litre. Mumbai continues to have the highest fuel prices among metro cities. Because of the value-added tax, prices differ between states (VAT).

Despite the rise in crude oil prices, fuel prices have remained stable for over four months. On March 22, the rate revision came to an end.

According to Moody’s Investors Services, state merchants collectively lost roughly $2.25 billion (Rs 19,000 crore) in revenue due to the holding of petrol and diesel prices throughout the election period.

During the assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa, and Manipur, the rates were held steady.

At an underlying crude price of $100-120 per barrel, oil companies will need to boost diesel prices by 13.1-24.9 per litre and petrol prices by 10.6-22.3 per litre, according to Kotak Institutional Equities.

According to CRISIL Research, a 100% pass-through of an average $100 per barrel crude oil will require a 9-12 per litre increase in retail pricing, and a 15-20 per litre increase if the average crude oil price rises to $110-120.

State-run oil refineries such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum adjust fuel prices on a daily basis, taking into account international crude oil prices and rupee-dollar exchange rates. Every day at 6 a.m., any adjustments in gasoline and diesel prices take effect.

India relies on imports for 85 percent of its oil needs, and domestic gasoline and diesel prices are tied to international rates.

Oil prices fell today as Ukraine and Russia headed for peace negotiations, as well as concerns about a decline in fuel demand in China following the financial capital of Shanghai shutting down to halt a Covid-19 spike. Brent crude futures were trading at $111.30 a barrel, down $1.18 or 1.1 percent. West Texas Intermediate (WTI) crude futures in the United States were down $1.09, or 1%, at $104.87. On Monday, both benchmark contracts fell about 7%.

More articles

- Advertisement -corhaz 300

Latest article


s-cute jav online SORA-421 美乳铃物姐姐◎本次训练营24小时大阴茎耐力Ahegao马拉松Yuna Kitano HEZ-487 请你在城里找的素人老婆监督你的自制电影! - 当我让她看AV时,我偷偷自慰,所以我立即推倒她,毫不犹豫地射了进去! - ! - 22人4小时 518BSKC-024 活跃洛丽塔天使 名将回力社 男童未成熟奶色巨乳&麻哥 赤波大叔魔舌! - 丰富的精液在透明娇嫩的身体上播种 FC2-PPV-3124600 [个人] 精致美丽的妻子。 - 在户外挑逗下半身,扭动娇小身躯强行射出大量阴道精液不留一滴 FCP-124 [仅限外送] 从早上口交开始的完美一天 理想的早晨例行公事! - ! - 6 Kozue Fujita Kana Morisawa Aoi Kururugi