Tag: who is responsible for petrol price hike in india

Raise in Petrol and Diesel Prices After Assembly Elections
Petrol price in India

Raise in Petrol and Diesel Prices After Assembly Elections

As of today, Tuesday, the state-owned oil marketing companies raised the prices for petrol and diesel after the results announced for the assembly elections in West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry on Sunday. As a result of assembly elections, the price of petrol rose by 15 paise per liter in Delhi, while diesel rose by 18 paise per liter. This has happened for the first time, that the transportation prices have risen against the backdrop of the assembly election. Now in Delhi, petrol and diesel are retailing at 90.55 per liter and 80.1 per liter apart, from now at state-run Indian oil corporation LTDs outlets. The cost for the Indian basket of crude comprising Oman, Dubai, and Brent crude, was at $65.71 a barrel on May 3. During the covid outbreak in April last year,...