Fuel and LPG price rise again)

Feb 04, 2021 | 1 min Read

There are two possible explanations — Increase in global crude oil prices and higher fuel taxes levied by the central and state governments. The rates have already touched a 2-year high and could increase further as global crude oil rates rise. Rising global crude oil prices and an improved demand outlook for petroleum products due to the prospects of a viable vaccine for Covid-19 are the key reasons behind the recent rise in the prices of petrol and diesel, according to experts.