Petrol and diesel prices have become more expensive for the common man with oil marketing companies raising pump prices by 60 paise per litre on Thursday.
The auto fuel prices have now risen five days in a row with petrol prices increasing by Rs 2.74 and diesel by Rs 2.83 per litre since Sunday. In three of the last five days, the prices have risen by a sharp 60 paise per litre while it increased by around 40 and 55 paise per litre on Tuesday and Wednesday.
0Sources in oil marketing companies said that price rise could continue for another week or 10 days as global crude prices are firming up with a pick up in demand following opening up of economies across the globe post Covid-19 related lockdown. Even global crude prices are on the rise and its prices have more than doubled from April levels at over $40 a barrel level.
