The demand for petrol-diesel is increasing tremendously across the world. Therefore, on the last trading day of this week, crude oil again became expensive by about two percent. However, it was cheaper by more than five percent earlier this week.
The demand for petroleum fuels is increasing tremendously these days. That's why the crude oil market is once again on the rise. It climbed nearly two percent on the last trading day of this week. By the way, it had broken more than five percent in the first three days of this week itself. If we look at the domestic market, then the government oil companies today increased the price of petrol and diesel again. Today there was a drastic increase in the price of petrol by 35 paise. Also, diesel became costlier by 26 paise per liter. Petrol is being sold at Rs 100.91 per liter at the Indian Oil (IOC) pump in Delhi Market on Saturday. Diesel is also being sold at Rs 89.88 per liter.
It has been seen that when there is an important election, the prices of petrol and diesel do not increase. Due to the process of assembly elections in many states, there was no increase in the prices of petrol in March and April. Therefore, there was no increase in the price of petrol and diesel even after crude oil became expensive during that time. But, since May 4, its prices have increased a lot. Petrol has become costlier by Rs 10.59 per liter in just 39 days, sometimes continuously or by stopping.
The Election Commission had issued a notification on February 26 for the assembly elections in five states. After this, state-owned oil companies increased the price of diesel by 17 paise per liter on 27 February 2021. Then there was no increase in its price for more than two months. After the election, it started increasing intermittently from May 4 onwards. It is generally seen that the day the price of petrol increases, the price of diesel also increases on the same day. But on Friday, July 2, 2021, only petrol prices had increased. Diesel prices did not increase. On Monday, July 5, only petrol prices increased while diesel remained stable. In this way, the price of diesel has increased for 37 days and it has become costlier by Rs 9.09 per liter these days.
The demand for petroleum fuel is increasing tremendously these days. That's why the crude oil market is once again on the rise. It climbed nearly two percent on the last trading day of this week. By the way, it had broken more than five percent in the first three days of this week itself. Brent crude was at $ 75.55 per barrel at the close of trading yesterday, which is $ 1.43 higher than the previous day. This is an increase of 1.93 percent. Similarly, US West Texas Intermediate or WTI Crude also climbed $ 1.62 to close at $ 74.56 per barrel. This is an increase of 2.22 percent.
Petrol-Diesel prices change daily and get updated at 6 am. You can also know the daily rate of petrol and diesel through SMS (How to check diesel petrol price daily). Indian Oil customers can get information by writing the code of RSP Space Petrol Pump on number 9224992249 and BPCL customers by writing RSP to number 9223112222. At the same time, customers of HPCL can know the price by writing HPPrice and sending it to the number 9222201122.
