By Admin 
Petrol Diesel News: Due to the ongoing war in the Middle East and closure of the Strait of Hormuz, there is huge turmoil in the crude oil market globally. Meanwhile, in India too, the prices of petrol and diesel have been increased by Rs 3 per liter. This increase after almost four years has brought some relief to the government oil companies, although their losses still remain huge.
Update came from the government
Meanwhile, recently, Joint Secretary of Petroleum Ministry, Sujata Sharma has given a press briefing, in which she has told that, government oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum Companies are selling petrol, diesel and domestic LPG at a rate lower than the market price. Earlier, these companies were incurring a loss of around Rs 1,000 crore per day, which has reduced to around Rs 750 crore per day after the recent increase in prices.
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Petrol price in Delhi
Now the price of petrol in Delhi has become Rs 97.77 and the price of diesel has become Rs 90.67 per liter. However, there has been no change in the prices of domestic LPG cylinders. This increase of Rs 3 is only a partial relief, because oil companies are still facing a loss of about Rs 10 per liter on petrol and Rs 13 on diesel.
Let us tell you that due to the ongoing war between Iran and the US, the prices of crude oil in the international market have increased by more than 50 percent. India was keeping fuel prices under control for a long time to provide relief to consumers. The biggest question before the government was whether the prices should be increased all at once or gradually. After all, the prices have been increased, which is affecting not only the drivers but also the people who use public transport in their daily life.
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