- Petrol has change into costlier by Rs 9.20 per liter within the final 14 days.
- Petroleum firms are making petrol costlier by eighty eighty paise day by day
- Oil firms will likely be burdened with Rs 19000 crore as a consequence of this value restriction in India.
Reduction in petrol costs between Diwali and Holi has now gone up in smoke. Petrol has change into costlier by Rs 9.20 per liter within the final 14 days. Leaving simply 2 days, petroleum firms are making petrol costlier by eighty-eight paise day by day, and the widespread man is getting crushed in inflation. That is maybe the primary time within the historical past of India’s independence that the value of petrol has elevated by greater than Rs.9 in simply two weeks.
The widespread man can also be elevating questions on the mounted charge of 80 paise of petroleum firms. However the enhance in costs can also be a compulsion for these firms. When the costs had been secure between Diwali and Holi in India as a consequence of elections, then crude oil has circled from $ 80 per barrel to $140 per barrel. At current, crude could also be near $ 100, however this restriction of costs in India has positively put an enormous burden of Rs 19000 crores on the oil firms.
80 paise flat change for the primary time
Until final yr additionally, oil firms have been altering the costs of petrol and diesel day by day. However this progress was not everlasting. However since March 2022 the expansion has been so secure that everybody can predict a rise in oil costs. Whether or not it’s petrol or diesel, growing the value of oil by 80 paise is nearly mounted.
Know the way the costs elevated
The method of accelerating the value of petrol and diesel began on 22 March. Then petrol in Delhi was at Rs 95.41 and diesel at Rs 86.67 per liter. Which has reached Rs 104.61 per liter and Rs 95.87 per liter right this moment. Earlier, if we have a look at the final yr, the common enhance in costs monthly has been Rs 3 monthly. In October 2021 alone, the costs had reached Rs 109.34 from Rs 101.89 in a month.
Greatest month-to-month progress of 2021
- January 2021: Reaches 83.71 to 86.34
- February 2021: reached 91.21 from 86.34
- Could 2021: reached from 90.44 to 94.29
- June 2021: reached 94.55 to 98.87
- July 2021: 98.87 to 101.90 reached
- October 2021: reached 101.89 to 109.34
Individuals remembered the rise of Rs 7 in UPA
Everyone seems to be shocked by the rise within the costs of petrol and diesel. Individuals with outdated reminiscence are taking a chilly sigh with the assistance of the choice of the UPA authorities even on this quick. Allow us to remind you that in Could 2012, in view of the rise in crude oil by $ 14.5 and depreciation of three.2 p.c within the rupee, the UPA authorities led by Manmohan Singh had elevated by Rs 7.54 per liter collectively. At the moment, adjustments within the value of oil used to occur from 12 o’clock within the night time, so there was a protracted line outdoors the petrol pump.