Price of petrol and diesel increased for the fifth consecutive day, check new rate list||AllBestNews||

Price of petrol and diesel increased for the fifth consecutive day, check new rate list

Petrol and diesel prices have increased for the fifth consecutive day amidst the rise in crude oil prices last week.

Prices of petrol and diesel have increased once again. Petrol in the country's capital Delhi is 7 paise. The price of diesel has increased by 8 paise. This is the fifth consecutive day when prices of petrol and diesel have increased. In Delhi, petrol has been costlier by 39 paisa a liter in five days, while the price of diesel has increased by 37 paisa a liter in five days.

Apart from Delhi, petrol in Kolkata is 4 paise, Mumbai and Chennai cost 5 paise per liter. At the same time, talking about diesel, Kolkata has gained 5 paise, while Mumbai and Chennai have registered an increase of 6 paise per liter.

Here's the new rate list

According to IndianOil website, the new price of petrol in Delhi, Kolkata, Mumbai and Chennai is Rs 70.44, Rs 72.67, Rs 76.11 and Rs 73.15 per liter, respectively. In four metros, the price of diesel has also increased to Rs 64.27, Rs 66.16, Rs 67.36 and Rs 67.96 per liter, respectively.

Why rising prices

Over the past several days, the price of petrol and diesel has increased due to the rise in crude oil prices in the international market. Benchmark crude oil Brent crude prices remained in the restricted range of $ 60-63 a barrel in the first fortnight of June, but in the second fortnight, the price reached around $ 67 a barrel. Brent crude prices are between $ 60.25 and $ 66.85 a barrel.

Energy experts say that the prices of gasoline and diesel are likely to be seen now as the pressure in the Gulf region and the crude oil prices are likely to accelerate further due to the weakening of the US-China trade tension. Explain that India imports approximately 84 percent of its oil needs. So, if the crude oil is expensive in the international market then all petroleum products including petrol and diesel are expensive in India.