Petrol Diesel Price Today: The price of petrol and diesel has increased once again, the price increased by Rs 8.40 in 2 weeks

Petrol and diesel prices were increased by 40 paise per liter on Monday. The price of oil has increased by Rs 8.40 in two weeks.

Oil prices have increased by 40 paise per liter.

Petrol and diesel prices (Petrol-Diesel Price) continues to increase. Major oil marketing companies of the country have announced for Monday, April 4. petrol and diesel (Petrol and Diesel) prices have been increased. Petrol and diesel prices were hiked by 40 paise per liter on Monday, taking the total hike in rates over the past two weeks to Rs 8.40 per litre. According to the state-run oil marketing company Indian Oil (IOC), the price of petrol in Delhi will now be Rs 103.81 per liter, while the price of diesel has increased from Rs 94.67 per liter to Rs 95.07. Prices have gone up 12 times.

Rates have been increased across the country on the basis of local taxation and oil prices are different in different states. Rate revision on March 22 This is the 12th increase in prices since the end of a long gap of four and a half months. Overall, the price of petrol has increased by Rs 8.40 per liter.

Diesel price in Mumbai increased by Rs 103.07 a liter

In Mumbai, the price of petrol and diesel has increased by 42 paise to Rs 118.83 and diesel by 43 paise to Rs 103.07 per liter. Petrol and diesel prices in Chennai are Rs 109.34 and Rs 99.42 per litre. In Kolkata, the price of petrol increased by 42 paise to Rs 113.45 and that of diesel by 40 paise to Rs 98.22 per liter. In Bangalore, a liter of petrol will cost Rs 109.41 and a liter of diesel will cost Rs 93.23.

Petrol and diesel costlier due to increase in crude oil

Petrol and diesel prices have increased across the country after crude oil prices rose in the wake of Russian military operations in Ukraine. In view of the sharp rise in the prices of crude oil in the international markets, the prices are bound to increase further. This will have a cascading effect on the prices of other commodities and will increase inflationary pressures and hurt growth, while also affecting the prices of other commodities.

According to Kotak Institutional Equities, oil companies will have to increase the prices of diesel by Rs 13.1-24.9 per liter and on petrol by Rs 10.6-22.3 per liter.

Let us tell you that on November 3 last year, the Center had cut excise duty on petrol by Rs 5 per liter and on diesel by Rs 10 per liter to reduce the retail prices across the country. Many state governments had reduced Value Added Tax (VAT) on petrol and diesel to provide relief to the people.

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