PETROL AND DIESEL PRICES

Petrol prices once again received a hike on July 2, 2021 pushing the fuel rates past the Rs 100 per litre mark in more cities across the country. On July 2, petrol price was at Rs 99.16 per litre in the national capital. Diesel price at Rs 89.18 in Delhi. Petroleum products are used as raw materials in various sectors and industries such as transport and petrochemicals.  These products may also be used in factories to operate machinery or generators. Any fluctuation in the price of petrol and diesel impacts the production and transport costs of various items. When compared to other neighbouring countries, India has the highest prices for petrol and diesel.

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