Petrol, diesel prices rise by 90 paise starting today:Petrol in Delhi becomes Rs 98.64 diesel Rs 91.58 per liter; 2nd increase in week

Petrol and diesel prices in the country have been increased by 90 paise per liter on Tuesday. This is the second increase in fuel prices in less than a week. Earlier, prices were increased by 3 rupees per liter last Friday. Petrol in Delhi became costlier by 87 paise and diesel by 91 paise In Delhi, the price of petrol increased by 87 paise to Rs 98.64 per liter, from Rs 97.77 earlier. Meanwhile, the price of diesel increased by 91 paise, now selling at Rs 91.58 per liter compared to Rs 90.67. Petrol increased by the highest 96 paise in Kolkata Kolkata recorded the sharpest increase in petrol prices. Here, petrol became costlier by 96 paise, reaching Rs 109.70 per liter. Meanwhile, the price of diesel increased by 94 paise per liter, after which diesel is now available at Rs 96.07 per liter in Kolkata. Petrol in Mumbai reached ₹107.59 and Diesel ₹94.08 per liter Fuel prices have also seen an increase in Mumbai, the financial capital of the country. In Mumbai, petrol became 91 paise costlier, reaching ₹107.59 per liter. Along with this, diesel prices increased by 94 paise to ₹94.08 per liter. Prices also increased in Chennai, petrol crossed ₹104.49 In Chennai, a major metropolis in South India, petrol prices increased by 82 paise per liter, after which the new price became ₹104.49 per liter. Diesel prices in Chennai have also increased by 86 paise per liter, due to which consumers now have to pay ₹96.11 for one liter of diesel. Prices of other things may also increase The direct impact of rising diesel prices is felt on the common man’s pocket and kitchen. Understand it this way: Why have petrol and diesel prices increased₹ The main reason for this increase is the fluctuation in crude oil prices in the international market. Before the war between Iran and America began, crude oil prices were $70, which have now risen to over $100 per barrel. Oil companies were under pressure due to rising crude prices. Therefore, companies have taken this step to compensate for losses. If crude oil prices continue to rise for a long time, petrol and diesel prices may be increased further. Prices increased in neighboring countries, now India sees a hike The government had so far argued that the West Asia war had led to a global surge in oil prices. As a result, petrol and diesel prices increased by 15% to 20% in neighboring countries like Pakistan, Nepal, and Sri Lanka, but the burden was not passed on to Indian consumers. Prices had not changed since 2024, a cut was made before elections Petrol and diesel prices in the country had remained stable since March 2024. Just before the Lok Sabha elections 2024, the government had provided relief to the public by cutting prices by ₹2 per liter. Although technically fuel prices in India are regulated and companies can change rates daily based on the 15-day average price of international crude, they were not changed for a long time due to political sensitivity. Oil companies were incurring a loss of ₹30,000 crore every month According to the government, public sector companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum were running at a loss due to high crude oil prices in the international market. According to Sujata Sharma, Joint Secretary of the Ministry of Petroleum, companies are incurring a loss of about ₹30,000 crore every month on the sale of petrol, diesel, and LPG. Excise duty on petrol-diesel was reduced by ₹10 each Earlier, the government had cut the special excise duty by ₹10 each to keep the prices of petrol and diesel stable. The duty on petrol was reduced from ₹13 per liter to ₹3, while on diesel it was reduced from ₹10 to zero. The central government used to collect a total of ₹21.90 as excise duty on one liter of petrol. After the reduction in special additional excise duty, it remained ₹11.90. Similarly, the total central excise duty on one liter of diesel came down from ₹17.8 to ₹7.8. This decision of the government was to keep the prices of petrol and diesel stable. Due to this decision, the prices of petrol and diesel did not increase. PM Modi had said – reduce fuel consumption Prime Minister Narendra Modi had suggested the careful use of petroleum products, considering the geopolitical situation in West Asia, during an event in Telangana on Sunday. The PM had said that today’s need is to use petrol, gas, and diesel very judiciously. We should use imported petroleum products only as needed. This will not only save foreign exchange but also reduce the adverse effects of war.