Petrol and diesel prices went up every day since 7 June. In Delhi, the price of petrol was hiked by \u20b99.12 per litre between 7 June and 26 June, while that of diesel has gone up by \u20b911.01 per litre. Other cities have seen a price rise as well. Why is this the case? Mint takes a look.<\/p>\n
What\u2019s the immediate reason for the hike?<\/p>\n
On 28 April, the price of the Indian basket of crude oil had fallen to as low as $16.19 per barrel. The average price of crude oil in April stood at $19.9 per barrel. Since then, the price of oil has risen. It averaged at $30.60 per barrel in May. On 25 June, the price was at $40.66 per barrel. Basically, the price of crude oil has doubled in a period of around two months, as international\u200ademand for crude has picked up pace, with the easing of lockdown curbs. For a little over one month up to 6 June, petrol and diesel prices were not increased. They have been going up since then, reflecting the higher price of oil.<\/p>\n","protected":false},"excerpt":{"rendered":"
Petrol and diesel prices went up every day since 7 June. In Delhi, the price of petrol was hiked by \u20b99.12 per litre between 7 June and 26 June, while that of diesel has gone up by \u20b911.01 per litre. Other cities have seen a price rise as well. Why is this the case? Mint takes a look. What\u2019s the immediate reason for the hike? On 28 April, the price of the Indian basket of crude oil had fallen to as low as $16.19 per barrel. The average price of crude oil in April stood at $19.9 per barrel. Since […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-359992","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359992"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359992\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}