Increasing oil prices have messed up the budget of consumers. In the last 18 days, petrol price has become expensive by about 4 percent and diesel by 5 percent. High taxes on oil have added fuel to the fire. Positive news on the Covid-19 vaccine front is expected to bring the economy back on track. This has led to a rise in international crude oil prices.
State oil companies started raising oil prices from November 20 after several days of silence. Since then, petrol in Delhi has become expensive by Rs 2.65 and diesel by Rs 3.41. On Tuesday, the price of petrol in Mumbai reached Rs 90.34 and the price of diesel reached Rs 80.51 per liter. The rise in international crude oil prices has led to an increase in oil prices domestically.
Indeed, positive news on the corona virus epidemic vaccine is expected to return to the economy soon. As a result, international crude oil prices have risen. Petrol and diesel prices change every day at six in the morning. For several days, the price of oil remained stable in the country, but from November 20, the trend in oil prices continued.