The country remained unchanged until the election Fuel price May jump once more.
The main reason is the rise in international oil prices following the Russia-Ukraine war. Petroleum companies, meanwhile, did not raise prices when crude oil prices crossed $ 130 a barrel following the war. Crude is currently trading at $ 120 a barrel.
Petrol during five state elections, Diesel price IOC, BPCL and HPCL have reportedly lost regarding Rs 19,000 crore in revenue due to non-increase. This is in line with the increase in prices.
With the government-owned IOC, Bharat Petroleum Corporation and HPCL stepping in to raise fuel prices and the government remaining silent, ordinary people will suffer once more. The price has been increased by Rs 50 per domestic cylinder.
Fuel prices in major cities
In New Delhi, the revised price for a liter of petrol is Rs 98.61. 89.87 per liter of diesel. In Mumbai, a liter of petrol costs Rs 113.35 and a liter of diesel Rs 97.55. In Thiruvananthapuram, a liter of petrol costs Rs 109.78 and a liter of diesel Rs 96.79. In Kochi, petrol is priced at Rs 107.40 per liter. Diesel is priced at Rs 89.87 per liter. Kozhikode: Petrol price reached Rs 100 on August 5. Today, a liter of petrol costs Rs 107.85 and diesel Rs 95.09.
| City | Petrol (Rs.) | Diesel (Rs.) |
| Thiruvananthapuram | 109.78 | 96.79 |
| Cochin | 107.40 | 94.64 |
| Kozhikode | 107.85 | 95.09 |
| New Delhi | 98.61 | 89.87 |
| Mumbai | 113.35 | 97.55 |
Crude oil prices
Crude oil prices remain high in the international market. It is trading at $ 120 a barrel. OPEC countries have said they will increase production soon, but fuel prices continue to rise. At the Interbank Foreign Exchange (Forex) market, the rupee was trading at 76.28 a dollar
