After 137 days, the price of petrol and diesel increased by 80 paise a liter: Kitchen gas is also costlier by Rs 50, 14.2 kg cylinder will be available in Delhi for Rs 949.50

Petrol and diesel prices, which remained stable for 137 days due to elections in five states, have increased by 80 paise per liter on Tuesday. Not only this, the price of domestic gas cylinder has also increased by Rs 50. In Delhi, now a 14.2 kg non-subsidized cylinder will be available for Rs 949.50. At the same time, the price of petrol has gone up to Rs 96.21 per liter and diesel to Rs 87.47 per liter.

Petrol in Mumbai is Rs 110.82, Diesel 95.00, Petrol in Kolkata 105.51, Diesel 90.62 and Petrol in Chennai 102.16 and Diesel 92.19 per liter. In Delhi, 5 kg LPG cylinder will be available for Rs 349, 10 kg for Rs 669 and 19 kg commercial cylinder for Rs 2003.50.

Excise duty was reduced a day before Diwali
On November 3, the central government had reduced the excise duty on petrol and diesel. Till date, the excise duty on petrol was reduced by Rs 5 and in diesel by Rs 10 per liter. After this many states also cut VAT. This brought some relief to the common man.

After the election, the fear of increasing the price proved to be true.
If we look at the relationship between the election and the price of petrol and diesel, the current government has so far kept the price of oil stable three times just before the election, while the price increases after the election. Elections and petrol-diesel connections in these three states can be understood here.

● Elections were held in West Bengal, Assam, Tamil Nadu, Kerala and Puducherry from 6 April to 29 April 2021. Petrol and diesel prices were frozen from 23 February 2021. When the election results came on May 2. For the next five months from May 4, the price of petrol increased every day or every other day. During this, there was an increase of about Rs 20 per liter.

● Elections to the Bihar Legislative Assembly were held in October-November of 2020. From 23 September to 19 October, the prices of petrol and diesel did not increase even once, but after the election results, the prices started increasing from 20 November 2020.

● Lok Sabha elections were held in 2019. In March, the prices of crude oil increased by 10% in the international market, but the prices increased only by 1%. After the results came on May 20, the prices of petrol and diesel started increasing again.

The prices which were increased due to Russia-Ukraine war are now falling.
Due to the ongoing war between Russia and Ukraine, the price of crude oil in the international market rose sharply to $ 139.13 on 7 March. Earlier in 2008, the price of crude oil reached $140 per barrel. However, now the crude prices are falling sharply. On March 10, the price of crude oil had come down to $ 108.7 per barrel. Experts say that the decline in the rate of crude will continue.

The price of crude oil doubled, yet the price did not increase
The price of crude oil was $ 68.87 on 1 December 2021. At that time the price of petrol in Delhi was Rs 95.41 per liter. On 7 March 2022, the price of crude oil reached $ 139.13. This means that in 102 days, the price of crude in the international market increased by $ 70.26, but in Delhi the price of petrol remained at 95.41. Now that the rates of crude have come down to 108 dollars, even then the prices have been increased.