New Delhi / Team Digital. The country is witnessing a boom in the prices of petrol. According to the price notification of oil marketing companies, on Thursday, the price of petrol was increased by 23 paise per liter and the price of diesel by 26 paise per liter.Petrol price in the national capital on Thursday rose to Rs 84.20 per liter, the highest level ever, after public sector oil companies raised prices for the second consecutive day.
Petrol price now Rs 84.20 per liter in Delhi After this increase, the price of petrol in Delhi is now Rs 84.20 per liter and the price of diesel is Rs 74.38. Petrol in Mumbai is Rs 90.83 per liter and diesel is Rs 81.07 per liter. This is the highest ever price of petrol in Delhi, while diesel in Mumbai is at a record high.
Public sector oil companies Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) resumed review of prices on a daily basis after about a month on Wednesday.
Earlier, the maximum price was increased in October 2018 On Wednesday, the price of petrol was increased by 26 paise per liter and diesel by 25 paise per liter. Earlier, the maximum price of petrol in Delhi was Rs 84 per liter on October 4, 2018.
At that time diesel was at Rs 75.45 per liter. In such a situation, the government had cut excise duty on petrol and diesel by Rs 1.50 per liter to reduce inflation pressure and increase customer confidence. Along with this, the oil marketing companies also cut prices by one rupee per liter. However, a government official said on Wednesday that no tax deduction is currently under consideration.
Crude oil reached a high level Explain that Saudi Arabia’s largest exporter of crude oil in the world agreed to make big cuts in production, the price of oil in the global market has increased strongly. The benchmark crude oil Brent crude price has gone beyond $ 54 per barrel and WTI. Also remains above $ 50 per barrel. Crude oil prices have moved higher for more than 10 months. Crude oil prices continue to rise for the second consecutive day in domestic and global markets.
On the international futures market Intercontinental Exchange (ICE) today, Brent crude’s March delivery contract was trading 0.65 percent higher at $ 53.95 a barrel from the previous session, compared to $ 54.08 during the previous trade. Boarded the barrel. In the previous session, Brent had gained 4.91 percent. Earlier, the price of Brent crude was above $ 54 per barrel on 26 February 2020.