For the fourth day in a row, gasoline and diesel prices are on the rise

Fuel costs were raised again Sunday, October 17 for the fourth day straight, for the most part because of the ascent in worldwide unrefined petroleum costs. In the country’s capital, gas costs expanded by 35 paise from Rs 105.49 per liter to Rs 105.84 per liter, while diesel costs likewise expanded by 35 paise from 94, Rs 22 to Rs 94.57, as per Indian Oil Corporation. 

Strangely, gas currently costs 33% more than the cost at which airplane turbine fuel (ATF) is offered to carriers. ATF in Delhi costs Rs 79,020.16 per kiloliter or Rs 79 for every liter. 

State-possessed petroleum treatment facilities, for example, Indian Oil, Bharat Petroleum, and Hindustan Petroleum survey fuel costs every day, considering unrefined petroleum costs in global business sectors and rupee trade rates. 

On Friday, October 15, oil costs hit a three-year high above $ 85 a barrel, driven by figures of a stock shortfall in the coming a long time as the facilitating of Covid-related limitations helped request.