Article on rise in prices of petrol and diesel
Answers
Answer:
Just at that time, however, Union-government controlled oil marketing companies decided to start increasing the price of both petrol and diesel. Starting from June 7, fuel prices went up for a consecutive 22 days. In Delhi, the price of petrol increased by Rs 9.13 and diesel by Rs 11.1 in this period – an increase of 13% and 16%, respectively.
So remarkable was this price rise that for the first time ever, diesel became more expensive than petrol in some states (state-specific taxes mean each state in India has different fuel retail prices).
This price rise comes even as the Indian crude basket is seeing low prices. Priced at $71 per barrel at the start of FY 2019-’20, it stood at only $40.83 per barrel as of July 28, 2020 – a drop of more than 42%.
Explanation:
mark as brainliest