Petrol-Diesel Price Today: After last week’s rise in crude oil prices, no significant change is being seen in the prices on the first day of this week. At 6 am today, WTI Crude Oil was trading at $75.95 per barrel. Whereas, Brent crude oil was being sold at $ 80.64 per barrel. However, there is a possibility that if Iran directly enters the Israel-Hamas war this week, then there is every possibility of a rise in the production and prices of crude oil. Meanwhile, the prices of petrol and diesel for today have been released by Indian oil distribution companies. Companies have not made any change in oil prices at the national level. Today in the capital Delhi, petrol is being sold at Rs 96.72 and diesel at Rs 90.08 per litre. Whereas, in Mumbai petrol is priced at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol is priced at Rs 106.03 and diesel at Rs 92.76 and petrol in chennai Diesel is being sold at Rs 102.74 and diesel at Rs 94.33 per liter since this morning. Let us tell you that before June 2017, the prices of petrol and diesel in India were revised every 15 days. Whereas, now the prices of every oil are fixed according to the global market.
Prices changed in other cities
There has been no change in oil prices at the national level by the oil distribution companies. Nevertheless, changes in prices are being seen in many cities due to VAT tax. There is a rise in the prices of petrol and diesel in Patna, the capital of Bihar. Here an increase of 11 paise has been seen in the price of petrol. After this, petrol in Patna is being sold at Rs 107.48 and diesel at Rs 94.26 since this morning. At the same time, in Lucknow, the capital of Uttar Pradesh, petrol is being sold at Rs 96.57 and diesel at Rs 89.76 per liter. Whereas, in Ghaziabad, petrol is being sold at Rs 96.58 and diesel at Rs 89.75 and in Noida, petrol is being sold at Rs 96.64 and diesel at Rs 89.82 per liter. Today, there has been a decline of one rupee in the prices of petrol in Maharashtra. Whereas, a decline of 97 paise has been seen in the prices of diesel. In Himachal Pradesh, the price of petrol has decreased by 19 paise and the price of diesel has decreased by 17 paise. Along with this, the prices of petrol and diesel have come down in Rajasthan and Jharkhand. In Madhya Pradesh, petrol has increased by 30 paise and diesel by 28 paise.
Crude oil futures prices rise due to strong spot demand
Crude oil prices rose by Rs 60 to Rs 6,132 per barrel in futures trade on Friday as traders increased the size of their deals following strong spot demand. On the Multi Commodity Exchange, the contract of crude oil for delivery in December rose by Rs 60 or 0.99 percent to Rs 6,132 per barrel. It was traded for 15.673 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.08 percent to $ 72.96 per barrel, while the price of Brent crude rose 0.04 percent to $ 77.45. Was trading at per barrel.
How to check the fuel rate of your city
BPCL customers to know the fuel rate of their city through message RSP<डीलर कोड> You will have to write and send the message to number 9224992249. To know the price for HPCL customers, HPPRICE <डीलर कोड> Write and send message to 9222201122. Indian Oil Customer RSP<डीलर कोड> You can write and message on number 9224992249.
How are the prices of petrol and diesel decided in India?
Petrol and diesel prices in India are decided by the government and it is a dynamic process that depends on various factors. Here are some of the main factors that influence this process:
International Market Prices: India does not have a reliable distribution network of petrol and diesel for the users. Therefore, despite the succession of prices of petrol and diesel in the world market, India is finally defined in quantity and distribution.
Taxes and Duties: Taxes and duties imposed by various states and union territories are included in determining the prices of petrol and diesel. This is usually subject to change based on various updated decisions.
Contribution of State Governments: State governments can also include their contribution to control the prices of petrol and diesel. They may impose various duties and taxes in their state.
Demand for Currency and Supply of Petroleum Products: The balance between demand for petroleum products and their supply can also affect prices. If demand for products is high and supply is low, prices may increase. If demand for products is low and supply is high, prices may decrease.
Export and Import Events: Various export and import events can also affect the prices of petrol and diesel.