Petrol-Diesel Price Today: Fluctuations are visible in the prices of crude oil in the global market. this morning at six o’clock WTI Crude Oil Was trading at $73.18 per barrel. Whereas, Brent crude oil fell to $ 77.42 per barrel. Meanwhile, Indian oil companies have released new prices of petrol and diesel at 6 am today. Oil distributor companies have not made any significant change in the prices of petrol and diesel at the national level. However, due to VAT tax, changes in oil prices have been seen in many cities. Oil prices are stable in the capital Delhi. Here in 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 per liter and diesel at Rs 94.33 per litre. Let us tell you that before June 2017, the prices of petrol and diesel were revised every 15 days. But now, oil prices are revised every day according to the international market.
Changes in other cities
Petrol and diesel prices are stable in Patna, the capital of Bihar. Here petrol is being sold at Rs 107.24 per litre. Whereas, the price of diesel is Rs 94.3 per litre. Whereas, in Lucknow, the capital of Uttar Pradesh, petrol is being sold at Rs 96.80 and diesel at Rs 89.99 per liter since this morning. At the same time, in Ghaziabad, petrol is being sold at Rs 96.34 and diesel at Rs 89.52 and in Noida, petrol is being sold at Rs 96.59 and diesel at Rs 89.76 per litre. Apart from this, only minor changes are seen in the fuel prices in Goa, Jammu and Kashmir, Punjab and Telangana. Whereas, due to weak spot demand, the price of crude oil fell by 1.71 percent to Rs 6,314 per barrel in futures trade due to traders cutting their deals. On the Multi Commodity Exchange, the contract of crude oil for delivery in November fell by Rs 110 or 1.71 percent to Rs 6,314 per barrel. It was traded for 10.219 lots. Globally, West Texas Intermediate crude oil fell 0.29 percent to $ 75.96 per barrel, while the price of Brent crude was trading at $ 80.8 per barrel, showing a decline of 0.86 percent.
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 fees 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.