Petrol Prices Reach An All-Time High To Nearly Rs 100; Affect Markets Across The Nation

Reportedly, oil marketing companies have raised the retail price of diesel by 35 paise per litre and petrol by adding 30 paise to the per litre cost.

The common citizens are not getting away from the rising fuel prices anytime soon as the retail costs of petrol and diesel were raised again on Monday, affecting the markets all across the nation. Reportedly, oil marketing companies have raised the retail price of diesel by 35 paise per litre and petrol by adding 30 paise to the per litre cost in Delhi. In the capital, petrol is now priced at Rs 89.29 a litre and diesel Rs 79.70 per litre.

 While the petrol price is just 4 Rs short of 100 (Rs 95.75 a litre), the diesel price is closing around 90 Rs (86.72 a litre). This is the first time the prices have hiked up to a three-digit mark anywhere in the country. Going by the data of the last seven days, the cost of petrol has gone up by Rs 2.36 per litre and the diesel cost by Rs 2.91 per litre. All the other metros are witnessing a similar hike.

According to the reports, the major rise came after the global oil prices that have recorded exponential gains in the last few days with crude oil tagged at $63.5 a barrel mark. Business experts have stated that a new lockdown in various parts of the globe has affected the demand and supply chain of the oils and might affect the pricings ahead.

In 2021, it has been recorded that the petrol and diesel prices have fluctuated high 20 times as of now reaching new marks all across the country affecting all the metros widely.

Meanwhile, stay tuned to ZEE5 for more updates.

 

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