At the beginning of the month, two bad news and relief news are brought to the forefront. On March 1st oil companies raised the cost of the domestic and commercial gas cylinder. However, relief has been granted on the cost of diesel and petrol. There have been no increases by oil companies in the past nine months. The price of crude oil is dropping to below 90 dollars per barrel. The rise in the cost of gas cylinder is causing an enormous loss to the average consumer.
25 rupees increased on January 1
Let us inform you that for a long period, the cost of commercial LPG cylinders was lowered by oil companies. However, on March 1, firms increased the cost by the amount of Rs 350.50. In the wake of this price increase, a 19kg commercial LPG gas tank will be sold for the price of 2119.50. Its cost was Rs 1769 prior to January 1. The cost of the cylinder was increased by 25 rupees.
Crude oil was close to $80
Crude surpassed $100 per barrel in the past few days and is currently near $80. Brent crude was up by a significant amount on Wednesday , reaching the price of 83.89 each barrel. In contrast, WTI crude was spotted at $77.30 for a barrel. In several cities across the country, including Delhi, the capital city of Delhi diesel-petrol remains at its old levels. On Wednesday i.e. March 1st, the cost of petrol in Delhi is at the price of Rs 96.72 as well as diesel for 89.62 per liter.
Additionally, an increase of Rs 50 was made by the companies
for gas cylinders used by domestic customers. This 14.2 kg gas tank which was priced at just Rs 1053 until this point, will be priced at Rs 1103. Oil companies in the country have also provided airlines with relief on their ATF price. The cost of ATF has decreased to around the equivalent of Rs 4606 per barrel. Following this, the price is likely to drop. On the 1st of February, the cost per barrel was 1,12,356.77 in Delhi and the price was Rs 1,19,239.96 in Kolkata. The price was Rs 1,11,246.61 in Mumbai and the price was Rs 1,16,922.56 in Chennai. This has dropped to Rs 4606.
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