Why are petrol, diesel prices rising in India?

Why are petrol, diesel prices rising in India?

Money Control

14 fuel_53890662

The prices of petrol and diesel touched a record high of Rs 85.45 a litre and Rs 75.63 a litre, respectively, in Delhi on January 22. In Mumbai too, fuel rates increased to a new record high of Rs 92.04 a litre on petrol and Rs 82.40 a litre on diesel.

But, why are petrol and diesel prices on the rise?

The price of Brent crude had crashed from $66 per barrel in early 2020 to $19 per barrel in April mainly because of lockdown in various countries and travel restrictions that resulted in lower crude and fuel demand.

Disclaimer: This is an automatically aggregated article/story by a computer program and has not been created or edited by Newsdig.in.

World COVID19 Meter

113822145

Cases

89392519

Recovered

2525168

Deaths
Last updated: GMT
Advt
Advt
Advt
sitemap Disclaimer
Newsdig.in 2019