Excessive increase in petrol and diesel prices: Inflation will rise
In the wake of the war, international crude oil prices rose above USD 120 per barrel last week for the first time in nine years. Fuel prices will rise after the results of various state assembly elections are announced this week. At present, Rs. Prices are likely to rise sharply from 10 to 12. According to the Petroleum Planning and Analysis Cell of the Ministry of Oil, India's basket of crude oil purchases rose to ૧ 114.5 a barrel on March 8, the highest since 2014. At the time when petrol and diesel prices stabilized in early November last year, the Indian basket of crude oil averaged ૫ 71.8 a barrel. Now with the state elections coming to an end next week, the rise in daily fuel prices for both gasoline and diesel is expected to resume. Auto Fuel Net Marketing Margin Minus Rs. 3.5 per liter and from FY22 to today's Q4, Rs. However, on March 17, the net margin fell to minus Rs. 10.1 per liter and on April 1 minus Rs. 12.5 may occur. A sharp decline in net auto fuel marketin