Petrol Diesel price / Petrol price upto 150 rs in next year diesel also 140 rs per litre reason is crude oil

Zoom News : Oct 28, 2021, 08:49 PM
Petrol Diesel price | Rising prices of petrol and diesel have added to the troubles of the common man. Petrol has crossed the Rs 100 per liter level in most cities of the country. At the same time, the price of diesel has also gone up to more than Rs 100 in many cities. This trend of increase in the prices of petrol and diesel is expected to continue.

Why there is fear: In fact, market study and credit rating company Goldman Sachs estimates that Brent crude oil prices will reach $110 per barrel by next year. This is 30 per cent higher than the current level of $85 a barrel. According to estimates, the price of crude oil can also touch the all-time high level of $ 147 per barrel.

This level of crude oil prices was in the year 2008. This was the time when the world was in the grip of economic recession. The report says that if this happens, the price of petrol can go up to Rs 150. At the same time, if we talk about diesel, then the price can reach up to Rs 140 per liter. However, this estimate of Goldman Sachs is for next year.

No hope of relief: There is little hope of relief from the government on petrol and diesel. There is already opposition to the idea of ​​bringing it under the ambit of GST. At the same time, the central government does not seem to be in a mood to reduce its revenue by cutting taxes. In such a situation, its burden may fall on the general public.

Continuously increasing prices: Let us know that the prices of petrol and diesel are increasing continuously in the country. Petrol and diesel prices were hiked by 35-35 paise per liter on Thursday. Petrol is being sold at an all-time record level of Rs 108.29 per liter and diesel at Rs 97.02 per liter in the capital Delhi. So far this month, oil prices have increased on 21 days out of 28 days. Petrol has become costlier by Rs 6.65 per liter and diesel by Rs 7.25 per liter. Let us tell you that for the first time in July, the price of petrol had crossed the level of Rs 100.