After the increase in the price of crude oil in the international market, the price of petrol and diesel is breaking its own record every day. The price of petrol and diesel increased for the sixth consecutive day in the capital Jaipur. After which the price of 1 liter of petrol in Jaipur increased to Rs 117 at 8 paise. Whereas the price of diesel has increased to 108 rupees 39 paise per liter. Which is the highest ever in history. With this, the price of petrol and diesel has increased 25 times in the last 32 days. Due to which the common man has also become troubled.
Jaipur businessman Mahesh Surana told that the rising inflation during the festive season has disturbed the common man. Due to the increase in the price of petrol and diesel, everything is getting expensive. But the government does not know how long is it sleeping. In such a situation, the government should also reduce the tax and VAT applicable on petrol and diesel, understanding the needs of the public. So that the general public can get relief.
At the same time, banker Sushmita told that whether the market has recovered after Corona or not. But the financial position of the government is definitely getting stronger. In the last year, the government has increased the price of petrol and diesel by a record. Which is the highest ever in history. In such a situation, the government should now reduce the tax and VAT implemented at the time of Corona. So that rising inflation can be controlled.
Global brokerage house Goldman has predicted that crude oil prices may go to $110 a barrel by next year. It could go up to $100 by the end of this year. That is, according to today, the prices of crude oil can increase by 30%. Due to this, the price of petrol and diesel is likely to increase further.
Goldman said a 30% increase in oil prices could mean petrol prices in India at Rs 150 a liter. Diesel prices can go up to Rs 140 a liter. At present, petrol is being sold at Rs 116 and diesel at Rs 107 per liter. According to Gold Man, we estimate that the global demand for oil could be 99 million barrels per day. It will soon cross 100 million barrels per day, which is the level before Corona. Crude oil is now close to $85.