The new rate will take effect from midnight. Today, the price of a liter of diesel was hiked by 84 paise and petrol by 87 paise.
Thiruvananthapuram, First Published Mar 25, 2022, 10:16 PM IST
Delhi : Oil companies are raising petrol and diesel prices on a daily basis after the election. Petrol and diesel prices are set to rise for the fourth day in a row. Tomorrow, on 26-3-22, a liter of diesel will cost 81 paise and petrol 84 paise. The new rate will take effect from midnight. Today, the price of a liter of diesel was hiked by 84 paise and petrol by 87 paise.
Fuel prices have not risen for the past four months following elections in five states. A week after the results were announced, there were reports that fuel prices would rise sharply, but a week later, oil companies started raising prices again. Fuel prices are expected to rise in the coming days. Crude oil prices were close to $ 82 a barrel before the last change in fuel prices before the election. It is currently priced at around $ 120. So the price is likely to go up slowly. With this, inflation will increase in all sectors.
Oil companies report losses of Rs 19,000 crore in 137 days
According to Moody’s Investors Service, the rise in retail petrol and diesel prices in the country despite the rise in crude oil prices has hit oil companies hard. Companies like Indian Oil Corporation, BPCL and HPCL lost $ 2.25 billion. That is 19000 crore Indian rupees. Read more here Oil companies report losses of Rs 19,000 crore in 137 days
Last Updated Mar 25, 2022, 10:17 PM IST
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