Bhubaneswar: Petrol prices have been steadily rising for the past few days. As a result, the price of a liter of petrol in Bhubaneswar has crossed Rs 72 per liter today. On Sunday, at the Indian Oil4 petrol pump in Bhubaneswar, petrol was priced at Rs 72.7 per liter, while diesel was priced at Rs 80.3 per liter. Gasoline prices have been rising across the country for the past eight days, not just in Bhubaneswar or Odisha. Diesel prices are rising but relatively low. In Bhubaneswar, petrol was priced at Rs 71.15 per liter and diesel at Rs 80.3 per liter on the 15th of this month. Diesel prices remain unchanged, while petrol prices continue to rise.
At the national level, petrol prices in Delhi have gone up by Rs 1.7 per liter in the last eight days. On Sunday, oil companies raised petrol prices by 18 paise. As a result, the price of a liter of petrol in Delhi has gone up to Rs 71.4 per liter, which is about Rs 50 per liter less than in Bhubaneswar. Three state-owned companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum, are selling more oil in the country. The three companies have a large number of petrol pumps across the country. There is a change in oil prices every day at 8am. Oil companies are setting oil prices in the international market based on the price of crude oil per barrel and the exchange rate of the dollar against the US dollar. The main reasons for the rise in oil prices in the country now are the rise in crude oil prices, weak currency exchange rates and local taxes. Brent crude is currently priced at $ 6.35 per barrel. The rupee is priced at Rs 4.75 against the US dollar.
