Petrol Diesel Price: Due to the ongoing war between US-Iran, the prices of crude oil are increasing globally. Due to which the prices of petrol, diesel and gas are increasing. Due to which the common man is getting troubled but now once again the government has increased the tension of the common man. It has been told by the government that oil companies are incurring losses even after increasing the fuel prices. Seeing this, it seems that the prices are going to increase further in the coming time.

Petroleum Ministry statement
In fact, recently the Petroleum Ministry has held a media briefing, in which it has been told that government oil companies are incurring a loss of about Rs 30 per liter on diesel, Rs 6 per liter on petrol and about Rs 700 on domestic LPG cylinder. Putting all these together, companies are facing losses of Rs 600-700 crore every day.

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In the press conference, Additional Secretary of Petroleum Ministry, Praveen Mal Khanuja said, ‘There is a loss of about Rs 30 per liter on diesel. In Delhi, when you buy diesel for Rs 95, the company actually bears the remaining Rs 30, and in the case of petrol this loss is still around Rs 6 per litre. The daily loss is still around Rs 600-700 crore.

The reason is the blockage in the Strait of Hormuz
There is a blockage in the Strait of Hormuz due to the Iran-US war, due to which the prices of crude oil have increased in the global market. This has also affected India’s government oil companies (OMCs), because they are selling fuel at relatively lower prices to domestic consumers. This has increased the financial pressure on these companies.

Meanwhile, let us tell you that on June 7, government oil companies have increased the price of domestic LPG cylinder by Rs 29. This is the second time since the beginning of the crisis in the Middle East, that the prices of LPG have been increased.

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