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Petrol, diesel prices unlikely to stay higher over the long-term, say analysts

The oil prices are unlikely to remain at high levels over the long-term, say analysts, unless the ongoing geopolitical situations in the Middle East worsen in the coming weeks

With the increase in the central and state taxes, the prices of petrol and diesel have gone up by around Rs 4.5 per litre (depending on cities) in Madhya Pradesh
The new site in Maharashtra would be at Raigad district, about 100 kms (62 milies) south of the country's financial capital Mumbai
As per the Indian Oil Corporation data, petrol remained unchanged at Rs 71.17 per litre in Delhi, while diesel stood at Rs 66.20 per litre on Wednesday.