Petrol-Diesel Prices Hiked for the Sixth Consecutive Day Amid Corona Crisis Due to ‘This’ Reason
New Delhi : The rise in petrol-diesel prices in the country continued for the sixth day. On Friday, government oil marketing companies (HPCL, BPCL, IOC) raised petrol prices by 54 paise and diesel prices by 59 paise. In Delhi, now the price of petrol has been increased by 59 paise to Rs 74.54 per liter. At the same time, the price of Diesel (Today) has increased by 59 paise. Petrol has become costlier by Rs 3.34 per liter and diesel by Rs 3.42 per liter in six days.
Petrol price hiked by 57 paise per litre, diesel by 59 paise; cost of petrol up by Rs 3.31 in six days, diesel by Rs 3.42
— Press Trust of India (@PTI_News) June 12, 2020
Petrol Diesel Price on 12th June 2020
Delhi
Petrol Rs 74.54 per liter
Diesel 72.81 per liter
Mumbai
Petrol Rs 81.53 per liter
Diesel 71.48 per liter
Chennai
Petrol Rs 78.47 per liter
Diesel 71.14 per liter
Kolkata
Petrol Rs 76.48 per liter
Diesel 68.70 per liter
Why Petrol Prices are Increasing Rapidly
Experts say that there has been a sharp fall in the prices of crude oil internationally. But in the domestic market, the prices of petrol and diesel are continuously increasing. Increase in excise duty is the reason behind this. After March 14, there was no change in the prices of petrol and diesel for the customers. But due to crude oil being very cheap in the international market, the government had decided to increase the excise duty on that price.
Excise duty on petrol has increased by 10 rupees and on diesel by 13 rupees. Although this increase had no effect on the customers, but the government has definitely started earning big from this increase. After this increase, the total excise duty on petrol increased to Rs 32.98 per liter and on diesel to Rs 31.83 per liter.
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