'Bad news' came about the prices of petrol and diesel, today the prices have increased again

Petrol-Diesel Price Today March 28 On Monday again, the prices of petrol and diesel have been increased. However, this is the lowest among the five increases in the previous week. Today 30 paise has been increased on petrol and 35 paise on diesel.

'Bad news' came about the prices of petrol and diesel, today the prices have increased again

Petrol prices were hiked by 30 paise per liter and diesel by 35 paise per liter on Monday, taking the overall increase in prices from Rs 4 (petrol) to Rs 4.10 (diesel) per liter in the past one week. According to the price notification of the government fuel retailers, the price of petrol in Delhi has now increased from Rs 99.11 per liter to Rs 99.41 per liter while the price of diesel has increased from Rs 90.42 per liter to Rs 90.77. This increase has been done across the country. However, different states have different prices depending on local taxation.

This is the sixth increase in prices since the end of a four-and-a-half-month-long gap in the rate revision on March 22. Prices were increased by 80 paise per liter four times initially, which was the sharpest increase in a single day since the daily price revision was introduced in June 2017. After this, on Sunday, the price of petrol was increased by 50 paise per liter and the price of diesel by 55 paise per liter and now on Monday 30 paise on petrol and 35 paise on diesel. Overall, petrol prices have increased by Rs 4 per liter and diesel by Rs 4.10 per liter in a week.

Earlier, prices were stable since November 4. During this, there were also assembly elections in states like Uttar Pradesh and Punjab. The price of raw materials (crude oil) had increased by about USD 30 per barrel throughout the period but the price of petrol and diesel was not increased. The revision of rates was expected soon after the counting of votes on March 10, but was postponed by a couple of weeks. But, crude oil prices rose from around USD 82 per barrel to around USD 120, which necessitated raising retail prices.

But, state-run fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are not simultaneously increasing the prices very much, it is being raised in phases. From 22 March till 28 March, the prices have been increased 6 times.