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New Delhi: The ongoing war in West Asia is no longer limited to the news; it is now directly impacting our wallets. The prices of crude oil are continuously increasing and the result is that petrol and diesel have once again become expensive. And the most painful thing is that this is the second time in just five days that the prices have been increased. Without wasting a moment, the oil companies are passing all this burden directly onto the general public.
According to the new prices, petrol has become costlier by 87 paise and diesel by 91 paise per litre. The increased prices have come into effect from Tuesday. Now petrol in Delhi is available at Rs 98.64 per litre and diesel at Rs 91.58 per litre. Earlier on Friday also, the prices of both the fuels had increased by about Rs 3 per litre.
Experts say that due to the ongoing tension in West Asia, the prices of crude oil are continuously increasing in the international market. India buys most of the oil it needs from abroad, so changes there have a direct impact on the prices here.
After the new increase, petrol in Delhi has reached Rs 98.64 per litre. Whereas the price of diesel has increased to Rs 91.58 per litre. The continuously increasing prices have increased the problems of the drivers.
The effect of petrol and diesel becoming expensive is not limited to vehicles only. Due to increase in transport costs, prices of fruits, vegetables, milk and other essential commodities may also increase. This means that people's kitchen budget may also deteriorate in the coming days.
This increase will have the biggest impact on employed people, daily commuters, transport traders and small traders. The expenses of people whose daily work depends on vehicles will increase further.
If the situation in West Asia does not improve soon, the prices of petrol and diesel may increase further. In such a situation, people may face a bigger shock of inflation in the coming days.