write a note on the price like and its impact on the common people
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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.