Even though lockdown is going on in India these days, the situation is improving all over the world. Aviation Services is moving towards normal. Therefore, the price of Crude Oil rose again yesterday. Here too, the state oil companies (Oil PSUs) today increased the prices of petrol and diesel (Petrol-Diesel Price) drastically. Today both fuels increased by 29–29 paise per liter.
Even though lockdown is going on in India these days, but the situation is beginning to recover around the world. The number of global commercial flights has increased by more than twice as much as in the same period last year. Since May 2020, the number of air travellers in the US has increased by more than six times. Due to this, Crude Oil Market again saw a boom yesterday. Talking about the domestic market, here too, the fast movement in the petrol-diesel market today (galloping) ran a gallop. On Monday, petrol went up by 29 paise to Rs 92.85 per liter in Delhi market. Diesel also jumped 29 paise to Rs 83.51 per liter.
Petrol has become expensive by two and a half rupees in 11 days
For the last two months, the process of assembly elections was going on in many states of the country. Therefore, even after Crude Oil Dearer was expensive last month, there has been no increase in the price of Petrol-Diesel (Petrol-Diesel Price). However, after crude oil became cheaper, petrol and diesel prices were reduced in four installments. This made petrol cheaper by 77 paise per liter. Its prices have started increasing this month. After the election, petrol has become costlier by 2.50 paise per liter within 11 days.
Diesel became expensive by Rs 2.78 in 11 days
The Election Commission had issued a notification on 26 February for assembly elections in five states. After this, the government oil companies had last raised the price of diesel by 17 paise per liter on 27 February 2021. After this, there was no increase in its price for more than two months. However, during the last March-April, the price of diesel was halted and halved for four days. Because of this it has become cheaper by 74 paise per liter. After the election has passed, now after 11 days, the price of diesel has become expensive by Rs 2.78 per liter.
Crude oil market is again on the upward trend
Even though lockdown is going on in India these days, but the situation is beginning to recover around the world. The number of global commercial flights has increased by more than twice as much as in the same period last year. Since May 2020, the number of air travelers in the US has increased by more than six times. Due to this, Crude Oil Market again saw a boom yesterday. On Monday, the price of Brent crude oil was increased by $ 0.89 in the US market. It reached $ 69.60 a barrel. US West Texas Intermediate or WTI Crude (WTI) also rose by $ 1.02 to settle at $ 66.39 a barrel.
