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Crude oil prices are on fire all over the world due to the US-Iran-Israel war. Brent crude has crossed the historical figure of $ 110 per barrel. The prices of petrol and diesel are skyrocketing in many parts of the world including neighboring countries like Pakistan, Sri Lanka and China. But today i.e. the morning of 6th April has brought a big relief for Indian consumers. Despite huge global pressure and huge losses of oil companies, there has been no increase in the prices of petrol and diesel in the country.
Oil companies are losing crores of rupees
This huge rise in the prices of crude oil in the international market is badly affecting the Indian oil companies. According to the data of the Petroleum Ministry, at present the companies are facing huge losses of about Rs 24 on one liter petrol and about Rs 104 on one liter diesel. Despite this, at present the general public has been protected from this inflation.
From Delhi to Bengal, what are today’s latest rates?
According to the new rates released at 6 am on April 6, ordinary petrol is being sold at the rate of Rs 94.77 and diesel at Rs 87.67 per liter at Indian Oil (IOCL) pumps in the capital Delhi. Whereas, for premium customers, XP95 petrol is priced at Rs 101.89 and XG diesel is priced at Rs 91.49 per litre. Petrol prices in West Bengal remain above Rs 100. Petrol in Kolkata, Howrah and Alipore is Rs 104.99. Petrol is available at the price of Rs 105.52 per liter in Hooghly, Rs 105.37 in Medinipur, Rs 106.07 in Krishnanagar and Rs 106.12 per liter in Baharampur. There is no change in prices in any city today.
Will the common man be hit hard after the elections?
Amidst this chaos all over the world, the biggest question in the mind of the general public is that why are the prices of petrol and diesel not increasing in India? Many people believe that due to the ongoing assembly elections in five states, the government has stopped the price rise and an inflation bomb may explode once the elections are over. However, the Petroleum Ministry has clarified the situation on this and said that due to the commitment of Prime Minister Narendra Modi, the heavy burden of international inflation is not being put on the common citizens and they are being kept safe from global shocks.
Petrol and diesel prices on fire across the world
If we look at the data of global petrol prices, the impact of war and crude prices is clearly visible on the whole world. In Myanmar, petrol has become costlier by 100% and diesel by 119.9%. In Laos this jump is 117.5%. Countries like the Philippines, Malaysia, Cambodia and even the United Arab Emirates (UAE) have seen huge increases in fuel prices ranging from 40 to 111%.
What is the current condition of crude oil?
According to experts, if the prices of crude oil remain above 100 dollars for a long time, then it will be difficult for the Indian government to control the prices and the prices may increase in the coming days. Currently, in the global market, Brent crude is trading at $ 110.72 per barrel with a rise of $ 1.69 and WTI crude is trading at $ 112.27 per barrel, increasing by $ 0.73.