New Delhi: For the last few days, the opposition has been attacking the central government continuously over the rising prices of petrol and diesel. Its pressure is also on oil companies. This is why oil prices are stable for three days. However, on Wednesday, the international market saw a rise in the price of crude oil. Let us tell you that the price of diesel increased 22 times last month and the price of petrol was increased 21 times.
According to the website of IndianOil, the price of petrol in Delhi, Kolkata, Mumbai and Chennai remains at Rs 80.43, Rs 82.10, Rs 87.19 and Rs 83.63 per liter respectively without any modification. At the same time, the price of diesel has remained steady at Rs 80.53, Rs 75.64, Rs 78.83 and Rs 77.72 per liter respectively in the four metros. The benchmark crude oil Brent crude on the international futures market, Intercontinental Exchange (ICE), rose 1.11 percent to settle at $ 41.73 a barrel. Commodity market experts say that the report of the American Petroleum Institute has estimated a fall in crude oil reserves, which has led to a return in oil prices.
Meanwhile, with the removal of lockdown and increasing economic activity in the country, fuel demand is slowly approaching the level before the Corona crisis. According to the statement issued by the government, the demand for fuel has reached 88 percent of the level before covid-19.