Due to the rising prices of crude oil in the past few days, the prices of petrol and diesel have started increasing. On Monday, the prices of petrol and diesel rose for the second consecutive day. Petrol in Delhi, Kolkata, and Mumbai was 7 paise, while in Chennai it was 8 paise per liter.
According to Indian Oil website, prices of petrol in Delhi, Kolkata, Mumbai, and Chennai have gone up to Rs 70.05, Rs 72.31, Rs 75.75 and Rs 72.77 per liter, respectively. After the new increase in national capital Delhi Delhi, the price of petrol has again surpassed 70 liters. In two days, in Delhi, Kolkata, and Mumbai, petrol prices have been increased by 12 paise and Chennai has increased by 13 paise per liter.
On the other hand, in Delhi, Kolkata and Mumbai, 6 paise and 7 paise per liter in Chennai have increased. With this, diesel has also gone near Rs 64 per liter. Diesel prices have increased to Rs 63.90, Rs 65.82, Rs 66.99 and Rs 67.59 per liter in the four metros- Delhi, Kolkata, Mumbai, and Chennai.
Crude oil prices have remained steady for the past one week and the price of benchmark crude oil Brent crude has increased by about five dollars a barrel. Brent Crude's August delivery futures contract closed at the Intercontinental Exchange last week at $ 65 a barrel. Energy experts say that due to the increased tension between the US and Iran, the supply of crude oil is in danger of being interrupted, which could further accelerate the price of oil.
Let us state that due to the softening of crude oil in the international market in the past, consumers had a lot of relief at the prices of petrol and diesel in India. Earlier, on May 30, the price of petrol and diesel in the national capital was reduced by Rs 1.93 a liter and in Delhi, the price of diesel was reduced by Rs 2.91 per liter.