How Much Could Petrol, Diesel Prices Rise By To Offset Oil Surge?
NDTV
Fuel prices will likely have to rise by ₹ 8 to ₹ 10 to offset the crude oil surge since last revision, but depends on several factors, say sources.
Fuel prices will likely have to rise by ₹ 8 to ₹ 10 to offset the significant surge in crude oil since the last revision more than three months ago, but it depends on several factors, according to NDTV sources.
Across metro cities, fuel prices remained unchanged on Thursday, March 3, 2022. That is the most extended duration when the rates have remained static since the daily revision of prices began in June 2017.
But energy prices have jumped during this period driven by supply concerns from the Russia-Ukraine conflict, with crude oil within a whisker of $120 on Thursday before pulling back to around $114.
Crude prices have jumped significantly, about 25 per cent during that period.