In recent months, the price of petroleum products continues to rise.
According to the data released by Indian Oil Corporation, the price of petrol and diesel is now higher after August 2014.
On Wednesday morning, the capital city of Delhi sold a liter of petrol and diesel at 71.39 rupees and 62.06 rupees respectively. A liter petrol is 79.27 rupees and diesel is 66.09 rupees.
The price of petrol and diesel has increased by 7% and 11% respectively since June last year, with the introduction of a new pricing modality process.
Prior to 15 years, the price was fixed once in two weeks.
The price of crude oil last week was $ 70 a barrel.
Crude oil prices are rising because of the countries exporting bertoei products, and Russia's control of its supply and the fall in oil prices in the US.
About 70% of India's domestic demand is the third largest in the world in terms of petroleum products in the US and China.
However, Gauring Shaw, chief investment specialist of Geojit Financial Services in Mumbai, says oil prices will last a long time.
According to the data released by Indian Oil Corporation, the price of petrol and diesel is now higher after August 2014.
On Wednesday morning, the capital city of Delhi sold a liter of petrol and diesel at 71.39 rupees and 62.06 rupees respectively. A liter petrol is 79.27 rupees and diesel is 66.09 rupees.
The price of petrol and diesel has increased by 7% and 11% respectively since June last year, with the introduction of a new pricing modality process.
Prior to 15 years, the price was fixed once in two weeks.
The price of crude oil last week was $ 70 a barrel.
Crude oil prices are rising because of the countries exporting bertoei products, and Russia's control of its supply and the fall in oil prices in the US.
About 70% of India's domestic demand is the third largest in the world in terms of petroleum products in the US and China.
However, Gauring Shaw, chief investment specialist of Geojit Financial Services in Mumbai, says oil prices will last a long time.
Comments
Post a Comment