Fuel prices will continue to rise tomorrow. A liter of petrol will cost 90 paise and diesel 84 paise tomorrow. Four months later, fuel prices rose in the country today. Petrol price was hiked by 87 paise per liter and diesel by 85 paise per liter. The price of cooking gas has been increased by Rs 50 per cylinder. The price hike, which has been frozen since the five state elections, will resume a week following the results. International crude oil prices are expected to rise further.
The new rate came into effect following a 137-day freeze. In Thiruvananthapuram, petrol is currently priced at Rs 107 25 paise, in Kochi at Rs 105 18 paise and in Kozhikode at Rs 105 45 paise. Diesel in Thiruvananthapuram costs Rs 94 32 paise, Kochi Rs 92 40 paise and Kozhikode Rs 92 61 paise. The price of a domestic cylinder will go up following five months. The price in Kochi was 956. 50 rupees. The price has been reduced by Rs 8 per commercial cylinder. Crude oil prices are also rising in the international market. The price of a barrel of crude oil rose to $ 117 today from $ 111 yesterday. When the last increase in fuel prices was on November 4, 2021, the price of crude oil was $ 84. Increased by $ 33 in four months. The war in Ukraine was the main reason for the sudden rise in crude oil prices. Apart from this, the increase in bus and taxi fares is also coming soon. White water in April and electricity charges may increase in May. The bottom line is that the family budget is going to go awry overall.
