Write a letter to your friend stating the current high price rise of petrol and its impact on common people
Answers
Answer:
Explanation:
Hi, how are you rohi are your parents
& youhope fully you are fine The petrol and diesel prices across the country continued their northward march after two days break taking its retail rates to unprecedented levels while burning bigger holes in the consumers’ pockets. The oil marketing companies raised the pump price of both petrol and diesel by 35 paisa per litre on Tuesday. With this, petrol is now priced at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital. Across the country as well the petrol and diesel price increased between 32-40 paisa per litre depending on the level of local duty at the state level.Sources in OMCs said that price rise on Tuesday followed movement in product price in global markets. The crude oil is also on fire with benchmark Brent crude gaining over 2 per cent on Tuesday to reach closer to $67 a barrel now. It was less than $60 a barrel just a few days back.
The steady fuel price has followed the softening of global oil prices (both product and crude) in the last few days. After crossing USD 65 a barrel mark in earlier week, it is around USD 67 a barrel now. Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude hovers at the current level or falls. According to IANS, oil companies executives said that petrol and diesel prices may increase further in coming days as retail prices may have to be balanced in line with global developments to prevent OMCs from making losses on sale of auto fuels.