Petrol Diesel Price Today 16th June: There is a continuous increase in oil prices. On Wednesday, once again the oil companies have made petrol 25 paise and diesel 13 paise expensive. Oil prices have been raised 25 times in the last 44 days. The effect of this is that both petrol and diesel of the country have crossed the figure of Rs 100 per liter. Petrol is being sold at 107.79 per liter and diesel 100.51 per liter in Sriganganagar of Rajasthan on Wednesday.
Petrol becomes costlier by Rs 6.26 per liter after May 4
Oil prices have seen a rise since the election results of 5 states. Petrol has become costlier by Rs 6.26 per liter and diesel by Rs 6.68 per liter since May 4. Petrol is being sold at Rs 96.66 per liter and diesel at Rs 87.41 per liter in the national capital of the country today.
Petrol near 100 in Bangalore
The price of petrol has also reached close to Rs 100 per liter in Bengaluru, one of the five major metro cities of the country. After today’s hike, petrol in Bengaluru has reached Rs 99.89 per liter. At the same time, petrol is being sold at Rs 102.82 per liter and diesel at Rs 99.84 per liter in Mumbai, the financial capital of the country. Petrol has crossed 100 mark in Maharashtra, Rajasthan, Andhra Pradesh, Madhya Pradesh, Karnataka, Ladakh and Telangana.
There are two reasons behind the rising oil prices. Due to the increase in the prices of crude oil in the international market and heavy taxes by different governments, the prices are skyrocketing. Crude oil is selling at $ 74.71 per barrel on Wednesday in the international market. It has increased by 0.97% per barrel today compared to Tuesday.
Oil prices were not increased after 66 days at the time of elections
According to an official associated with the oil company, there was no increase in the prices of petrol and diesel for 66 days during the election. Due to which the oil companies had suffered. Now it is being recovered by increasing the price. According to the data of June 1, the Central Government is charging 34.8% and the Delhi Government 23.08% on petrol in Delhi.
There is little hope of relief in the future as well
Union Petroleum Minister Dharmendra Pradhan did not give any clear statement on whether oil prices will come down in future. Then he had said that the expenditure has increased during the time of the epidemic, so the state and the center need money. In such a situation, it is believed that hardly any major cut in oil prices will be seen.