New Delhi: There is a continuing process for the increase in oil prices. These increases are taking place at a time when the crude oil prices in the international market have dropped by up to five dollars. The Congress is raising questions that when the cost of crude oil is falling in the international market, why is not the government reducing the price here?
Meanwhile, there was a meeting for Prime Minister Narendra Modi’s house for about two hours on the rising prices of petrol and diesel. In this meeting Finance Minister Arun Jaitley and Petroleum Minister Dharmendra Pradhan were present. The meeting discussed discussions about reducing dependence on crude oil imports.
Low price of crude oil
On October 9, the crude oil price was $ 85.16 in the international market, $ 83.82 on October 10. Today its price is $ 80.51 a barrel. On the contrary, there was an increase in oil prices on the eighth day in India today. In Delhi, diesel was 28 paise and petrol was costlier by 12 paise per liter. One liter diesel is 74 rupees, 90 paise and petrol is being sold at 82 rupees and 48 paise per liter. Petrol and diesel prices in India are determined by the price of crude oil in the international market.
In the last eight days, diesel has been costlier by Rs 95 and petrol 98 paise. If this price is going to increase, then the price of petrol and diesel will soon be able to exceed its highest level in Delhi.
The Center’s Modi government had announced a reduction of two and a half rupees on petrol and diesel prices on October 4, giving some relief. Then the price of one liter petrol was 84 rupees in Delhi and the diesel 75 rupees 45 paise.