Petrol-diesel prices rise again: Petrol in Delhi 101.64, Mumbai: 107.71 per liter, Diesel Delhi: 89.87, Mumbai 97.52

- Crude traded at .6 78.64 a barrel in world markets

- Government-owned petrol companies now set daily prices: Sept. This method has been discontinued since 9 Sept. Re-implemented from 24

Thursday, Ta. On September 30, petrol and diesel prices across the country went up by 8 paise and 50 paise, respectively, to record highs. Therefore, the price of petrol in Delhi is Rs. 101.3 and 103.5 in Mumbai, while diesel in Delhi has reached Rs.

However, these prices also see changes across each state. This is because the local taxes are not the same per state. After a three-week hiatus, petrol prices have gone up for the second time and diesel for the fifth time.

The main reason for this price increase is the rising price of crude in the international markets. The benchmark Brent is currently at a three-year high of ક્ર 6.5 a barrel.

In Mumbai, in Delhi, petrol costs Rs. 101.5 and in Mumbai it was Rs. 104.5 was reached. Diesel prices also rose to 7.5 per cent in the same month.

Government of India-owned companies Indian Oil Corporation (IOC), Bharat Petroleum Corp. (BPCL) and Hindustan Petroleum (HPCL) had stopped the daily price fixing system from September 4, but it did not. It has been implemented again from September 3. From September 4, the price of diesel will go up by Rs. 1.5 has increased. Thus, the price reduction that took place between July 15 and September has been washed away.

This is a two-stage hike in petrol prices in a week. Earlier, the last hike in diesel price was on July 15, while the last hike in petrol price was on July 15.

Crude prices have also continued to rise in global markets. In fact, the declining energy companies that produce this mineral oil have to pull crude from their vast oil reserves.

In July-August, when the price of oil fell in the international market, the price of petrol in Delhi also went up by Rs. 0.5 and Rs. 1.5 was reduced. Prior to this, between May, June and July 15, the price of petrol was Rs. 11.5 and Rs. The price per liter was increased by 3.15. Thus the price increase has been going on.

The main reason for the price hike is that India has to import as much as 5 per cent of its oil needs. Therefore, its petrol and diesel prices remain high and low in line with international prices, which is understandable.