Petrol-Diesel Price: Crude oil prices fell by 3%, know the rates of petrol and diesel from Delhi to Bihar.
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Petrol-Diesel Price Today: There is a continuous sharp decline in the prices of crude oil in the global market. The prices of WTI Crude Oil and Brent Crude Oil fell by about 3 percent in the last trading session. However, the fall in oil prices in the international market has not had any significant impact on the prices of petrol and diesel in India. Indian oil distributor companies have released the rates of petrol and diesel for today. According to him, there has been no change in oil prices at the national level. In the capital Delhi, petrol is being sold at Rs 96.72 and diesel at Rs 89.62 per litre. Whereas, in Mumbai petrol is being sold at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol at Rs 106.03 and diesel at Rs 92.76 and in Chennai petrol at Rs 102.74 and diesel at Rs 94.33 since this morning. However, due to changes in VAT tax, slight changes have been seen in oil prices in many states.
Petrol and diesel prices in other cities
People have got slight relief in the price of petrol and diesel in Patna, the capital of Bihar. Here petrol is being sold for Rs 107.42 and diesel for Rs 94.21 per liter today. In Lucknow, the capital of Uttar Pradesh, petrol is available at Rs 96.57 and diesel at Rs 89.76. Whereas in Noida, petrol is priced at Rs 96.59 and diesel at Rs 89.76 per litre. In Gurugram, Haryana, petrol is available at Rs 97.01 and diesel at Rs 89.88 per liter since this morning. People in Bengaluru have got slight relief in oil prices. Here, petrol is available at Rs 101.94 and diesel at Rs 87.89 per litre. In Rajasthan’s capital Jaipur, petrol is Rs 108.48 and diesel is Rs 93.72. In Hyderabad, petrol is available at Rs 109.66 and diesel at Rs 97.82 per litre, whereas in Chandigarh, petrol is available at Rs 96.20 and diesel at Rs 84.26 per liter today.
Crude oil futures prices rise due to strong spot demand
Crude oil prices rose by Rs 16 to Rs 6,484 per barrel in futures trade on Wednesday 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 16 or 0.25 percent to Rs 6,484 per barrel. It was traded for 11.075 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.05 percent to $ 77.73 per barrel, while the price of Brent crude fell 0.07 percent to $ 82.39. 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:
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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.
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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.
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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.
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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.
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Export and Import Events: Various export and import events can also affect the prices of petrol and diesel.
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