New Delhi: The rise in petrol prices in the country has resumed. The same is true in Odisha. Gasoline prices have been rising steadily for the past three days. In Bhubaneswar, the price of BS8-4 petrol is Rs 71.4 per liter, while diesel is priced at Rs 80.3 per liter. The gap between petrol and diesel prices is declining rapidly. Petrol prices have not risen for seven days since June 28. This is the first time since last week that petrol prices have risen by 19 paise and another price hike has started. Prices have not gone down as the state and central governments have imposed a hefty tax on both petrol and diesel. The government will not want to waive the revenue from the sale of petrol and diesel as the revenue from various sources has been reduced due to the effects of the Karona epidemic.
Both petrol and diesel prices are rising in the country as crude oil prices rise in the international market. The weakness of the currency against the US dollar is also partly responsible for this. Since the dollar is expensive, it costs a lot of money in Indian currency to buy the same amount of crude oil. As India supplies more than 70 per cent of its total oil demand through imports, the rise in crude oil prices is having a direct impact on petrol and diesel prices. In New Delhi, petrol price has gone up by 18 paise to Rs 80.70 a liter. Diesel prices are now stable. Demand for this specialty has grown significantly as a result of recent corporate scandals. Diesel demand has dropped sharply in the first 15 days of this month. The sale of diesel is considered a key component of the economy. This is because it is widely used in transportation and transportation. The downside to diesel sales is that the economy is not running smoothly. There has been no sign of improvement in the crisis caused by the corona epidemic.
