With Elections Over; Fuel Prices Hike
A noticeable change in the prices of petrol and diesel was noticed after the last day of Lok Sabha Elections ended. At first, when the elections were yet to start, the prices for petrol and diesel were Rs. 71.03 per liter and Rs. 65.96 per, respectively.
Since May 20, the rise in the prices was there, and now petrol costs Rs. 71.86 per liter and diesel costs Rs. 66.96 per liter in Delhi. Petrol costs in Mumbai have also increased which is now at Rs. 77.47 per, and diesel rates are Rs. 69.88 per liter.
On Tuesday, the price of petrol increased by 11 paise and diesel rates were increased by five paise. The state-owned fuel retailers named Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) completely froze the rates of fuels in the past but now have increased the prices for the same.
This change was seen right after the polling for Lok Sabha Elections ended. Before that, the prices were a little low and were frozen; the reason behind this is the elections that were going on.