Petrol, which was selling at Rs 9.84 per liter, reached Rs 94 today, a 10-fold increase in 34 years | News India

Petrol Price Hike: There has been no significant change in the price of petrol and diesel in the country for a long time. But since 1990, the price of petrol in the country has increased almost 10 times. In the year 1990, the price of petrol in Delhi was Rs 9.84 per liter, which is Rs 94.72 per liter today.

There were many reasons for the increase in petrol prices in the country over the last three decades. This includes many types of taxes. The share of tax in the retail price of petrol in India is about Rs 55. Both the central and state governments impose taxes on petrol. Compared to India, petrol prices in the US have barely tripled since 1990.

In 1990, the average price of a gallon of petrol in the US was $1.14, which has now reached $3.33. One gallon is equal to 3.785 liters. In Indian rupees, it is around Rs 93 per liter in the US.

There will be a huge increase in crude oil prices across the world in 2022

The war in Ukraine led to a significant increase in the price of crude oil worldwide in 2022. Due to this, the average price of petrol in the US has reached $5.28 per gallon. But last year it came down slightly to $4.78 per gallon. In 2016, the price of petrol in the US fell to $2.8 per gallon. Similarly, in 2012 it reached $4.09 per gallon. In perspective, today the price of petrol in the US is lower than in 2012. But this is not the case in India. Petrol prices in the country are constantly rising.

In 1990, the price of petrol was Rs 9.84 per liter

In March 1990, the price of petrol in India was Rs 9.84 per liter, which increased to Rs 12.23 in October. Next year i.e. in 1991, the price of petrol in the country reached Rs 14.62. In 1992, the price of petrol in the country was Rs 15.71 per liter while in 1994 it reached Rs 16.78. In 1996, it reached Rs 21.13, in 1997 Rs 22.84, in 1998 Rs 23.94, in 1999 Rs 23.8 and in November 2000 it reached Rs 28.7. The price of petrol was Rs 32.49 in 2003, Rs 40.49 in 2005, Rs 47.51 in 2007, Rs 45.56 in 2008, Rs 47.93 in 2011, Rs 73.18 in 2012 and Rs 7 to Rs 81 per litre in 2012.