Petrol price hiked by 3 paise and diesel by 3 paise in three days in the country

(PTI) New Delhi, Dt

Petrol and diesel prices have gone up for the third day in a row after the completion of five state elections in the country. On Thursday, petrol price was hiked by 3 paise per liter and diesel by 20 paise per liter. State-owned oil companies had suspended fuel prices for 15 days due to elections in five states, including West Bengal. Following the election results, state-owned oil companies have begun to pass on the burden of higher international crude oil prices to consumers.

Following this price hike, the price of petrol in Delhi has gone up by Rs. 30.5 to Rs. 30.5 while the price of diesel is Rs. It has increased from 31.15 to 21.8. Similarly, the price of petrol in Ahmedabad is Rs. 2.5 to Rs. 3.05 and diesel at Rs. 2.5 to Rs. 3.2.

State-owned oil marketing companies on Tuesday hiked petrol prices by 12 paise and diesel by 12 paise and on Wednesday by 15 paise and 20 paise, respectively.

Petrol and diesel prices have risen across the country. However, fuel prices vary from state to state depending on the local VAT tax. In the last three days, petrol prices have gone up by 3 paise and diesel by 4 paise. The price hike has washed away most of the declines that occurred between March 8 and April 18.

In March last year, the government hiked excise duty on petrol and diesel by a record Rs. 31.5 and Rs. An increase of 13.15. State-owned oil companies had hiked petrol by 3 paise and diesel by 3 paise between March 9 and April 15 this year.

Surprisingly, state-owned oil companies had on Monday suspended petrol and diesel prices on a daily basis during elections in five states, including West Bengal. Now with the announcement of the election results, retail prices have started rising in view of the bullish trend in the international crude oil market. International crude oil prices have been rising since April 9. The price of crude oil has approached US લર 50 per barrel, sources said.