Inflation continues to hit the public during the Corona period. Petrol-diesel prices have increased for the 12th consecutive day in the country. Today, the price of petrol in Delhi has increased by 53 paise. With this, petrol is being sold in Delhi at Rs 77.81 per liter. The price of diesel has increased by 64 paise. Diesel is being sold at Rs 76.43 per liter in the capital.

Petrol in Mumbai has been increased to Rs 84.68 per liter and diesel to Rs 74.33 per liter. At the same time, people in Chennai will have to pay 81.39 rupees for one liter of petrol and 74.33 rupees for diesel. In Kolkata, the price of petrol has reached 79.61 and the price of diesel has reached Rs 71.97.

while the decline in crude oil is being recorded in the international market, the price of oil is continuously increasing in India. On Wednesday, the price of crude oil fell by 1.19 percent to Rs 2,895 per barrel. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 35 and 1.19 per cent to Rs 2,895 per barrel, with a business volume of 4,721 lots. The contract for delivery in July for crude oil fell by Rs 26 and 0.88 per cent to Rs 2,932 per barrel, with a turnover of 1,137 lots.

How is the price of oil determined?

The price of petrol diesel changes every day. Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. The oil companies do the work of fixing the price of petrol and diesel every day. The dealers are the people running the petrol pumps. They sell gasoline at retail prices to consumers after adding taxes and their own margins. This cost is also added to the petrol rate and diesel rate.

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