For the 126th consecutive day in Chennai, the price of petrol and diesel remained unchanged at Rs 101 per liter and Rs 91 and Rs 43 per liter respectively.
Chennai, First Published Mar 10, 2022, 7:52 AM IST
For the 126th consecutive day in Chennai, the price of petrol and diesel remained unchanged at Rs 101 per liter and Rs 91 and Rs 43 per liter respectively. Oil companies set petrol and diesel prices based on the prevailing international crude oil prices and the value of the Indian rupee against the dollar. Petrol, diesel and cooking gas prices have remained unchanged due to assembly elections in five states. In that sense, the price of a liter of petrol in Chennai today is 101 rupees 40 rupees and the price of a liter of diesel is 91 rupees 43 rupees.
Petrol and diesel prices in Chennai have not changed much in the last two months. Motorists are worried that petrol and diesel prices will remain unchanged as people do not expect prices to fall. On the one hand, crude oil prices have risen sharply due to the ongoing war between Ukraine and Russia. The price of a barrel of crude oil that India buys has risen to $ 139. This is said to be the first time since 2012 that crude oil prices have risen to an all-time high.
Crude oil prices are expected to rise further. Meanwhile, the results of the 5 state assembly elections in India are out today. Petrol and diesel prices, which have not been raised so far due to the election, are said to be likely to rise sharply after the election. According to experts, the rise in international crude oil prices after the election has led to a sharp rise in domestic petrol and diesel prices, which are expected to rise to Rs 15 per liter.
Last Updated Mar 10, 2022, 7:52 AM IST
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