Explained: Why fuel prices are inching towards Rs 100 in Delhi
Written by Karunjit Singh
, Edited by Explained Desk | New Delhi |
July 5, 2021 2:32:15 pm
The price of petrol is nearing Rs 100 per litre in the national capital and has already crossed the Rs 100 per litre mark in 13 states and union territories. Oil marketing companies hiked the price of petrol by 35 paise per litre on Monday in the 35th hike in petrol prices since the beginning of May. The prices of both petrol and diesel have risen by over 10.5 per cent across the country since the beginning of May when OMCs resumed price hikes after halting price hikes for 65 days as a number of states went to elections. We examine why prices have been rising consistently in 2021.
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