By Admin 
Petrol-Diesel Price Hike: Hormuz Strait has been closed due to tension between Iran-Israel and America. This is the route through which about 20-30 percent of the world’s oil passes. Due to this fear of supply stoppage, the prices of petrol and diesel have increased in the international markets. Crude oil prices have increased amid the war in Iran. The price of Brent crude has increased from $ 71 per barrel to more than $ 100 per barrel. That means there has been an increase of about 45 percent.
This effect of increase in the price of crude oil is also being seen on the prices of petrol and diesel. The common man is having to suffer the consequences of this. According to Global Petrol Price.com, the average price of petrol at the international level has increased from $ 1.20 per liter to $ 1.27 per liter. At the same time, the average price of diesel has also jumped from $ 1.20 per liter to $ 1.33 per liter. Amid global uncertainties due to war, prices of petrol and diesel have increased in at least 85 countries:-
How much has the price increased?
- The maximum increase has been in Cambodia by about 68-72 percent. At the same time, diesel prices have increased by 70 percent here. Diesel, which was being sold for 3850 riel in the beginning of March, is now being sold for 6550 riel.
- The prices of petrol and diesel in Vietnam have increased by almost 50 percent.
- The situation is similar in Laos and Nigeria also. Here the price of petrol has increased by 33 percent and 35 percent respectively. At the same time, the price of diesel has jumped by 74 percent in Laos and by 62.5 percent in Nigeria.
- In the neighboring country Pakistan, petrol prices have increased by 24.49 percent. At present the price of one liter petrol in Pakistan is 321.17 PKR. Diesel prices have also increased rapidly in Pakistan during this period. The price of diesel here is currently at a high level of PKR 328.50 per liter.
impact on india
Currently, the prices of petrol and diesel are stable in India. The government says that India has sufficient oil reserves and alternative routes of supply are also being adopted. Even after the price of Brent crude has crossed $130 per barrel in the international markets, the prices in India are stable. The Petroleum Ministry has also said that at present they have no plans to increase the prices.
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