Business & Economics

Petrol, Diesel Price Increase For 10th Consecutive Day

BP World Bureau | Feb 18 2021 07:24:24 PM
Image credits: Twitter

NEW DELHI: Petrol and diesel prices increased for the tenth day in a row in the national capital.

Amidst this, India urged global oil producers to ease production cuts for the sake of consumers. 

Rate of petrol and diesel increased 34% and 32% respectively. 

Read: Reserve Bank Keeps Key Lending Rate Unchanged At 4% 

Meghalaya Chief Minister Conrad Sangma said that the state will cut down the fuel prices by Rs. 7 per litre and the price of normal petrol crossed ₹100 per litre in Rajasthan's Sriganganagar district.

Rise in crude prices will also put upward pressure on petrol and diesel prices across India, as per report by the Mint. 

Prime Minister Narendra Modi blamed the previous governments for not focussing on reducing India's energy import amidst the rise in fuel prices. 

"India imported over 85% of its oil needs in the 2019-20 financial year," said PM Modi.