Question

write a
paragraph on the topic rising
prices of petrol & gas! (for /against) (250 words) ​

Answer 1

Answer:

Oil marketing companies have hiked the prices of petrol and diesel by over Rs 2 and by nearly Rs 3.50 respectively since November 19 after holding them unchanged for 59 days. Diesel is currently retailing at Rs 73.87 per litre in the capital, while petrol is retailing at Rs 83.71 per litre. On Wednesday (December 9), petrol was selling at Rs 90.34 at pumps in Mumbai, according to data released by the Petroleum Planning and Analysis Cell (PPAC). Retail fuel prices in India are now the highest since October 2018.

Rising global crude oil prices and an improved demand outlook for petroleum products due to the prospects of a viable vaccine for Covid-19 are the key reasons behind the recent rise in the prices of petrol and diesel, according to experts. The price of Brent crude has risen to almost $49 per barrel, its highest level since early March. The price of Brent crude crashed from $66 per barrel at the beginning of the year to $19 per barrel in April due to global restrictions on travel as countries shut down to control the transmission of the novel coronavirus.