Petrol-Diesel Price: Crude oil price increased again, petrol and diesel prices changed from Maharashtra to Bihar.

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Petrol-Diesel Price Today: After remaining calm for a few days in the global market, the price of crude oil has once again started boiling. Today at 7.30 am, WTI Crude Oil was trading at $ 71.71 per barrel with a rise of 0.21 percent. Whereas, Brent Crude Oil was being sold at the price of $ 76.78 per barrel with an increase of 0.22 percent. Meanwhile, it is expected that oil prices may remain rising in the global market till the end of the year. Indian oil distribution companies have released the rates of petrol and diesel for today. Even today the companies have not changed the oil prices at the national level. However, according to the states, due to changes in VAT tax, changes are being seen in the prices of petrol and diesel at some places. The prices of petrol and diesel are stable in the capital Delhi. Currently, petrol is being sold here at the rate of Rs 96.72 and diesel at Rs 90.08 per litre. Whereas, in Mumbai petrol is being sold at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol is being sold at Rs 106.03 and diesel at Rs 92.76 per liter and in Chennai petrol is being sold at Rs 102.74 and diesel at Rs 94.33 per liter. Apart from this, changes in oil prices have been seen in some cities.

Oil prices changed in other states

In Patna, the capital of Bihar, the price of petrol has increased by 46 paise. After this, petrol is being sold here at Rs 107.70 per liter since this morning. Whereas, diesel is being sold at Rs 94.10 per liter with an increase of 41 paise. In Uttar Pradesh, petrol is being sold 14 paise cheaper at Rs 96.63 per litre. Whereas, the price of diesel became cheaper by 13 paise and was being sold at Rs 89.80 per litre. In Lucknow, petrol is being sold at Rs 96.68 and diesel at Rs 89.87, in Noida at Rs 96.92 and diesel at Rs 90.08 and in Ghaziabad at Rs 96.26 and diesel at Rs 89.45 per litre. Today people in Maharashtra have got some relief in oil prices. Here petrol is being sold 61 paise cheaper per liter and diesel is being sold 58 paise cheaper at Rs 92.88 per litre. The price of petrol in Rajasthan has decreased by 55 paise. Here, petrol is being sold cheaper by Rs 108.14 per liter and diesel by 51 paise at Rs 93.41 per liter. In Chhattisgarh, the price of petrol has decreased by 34 paise to Rs 103.08 per litre. Here the price of diesel has reduced by 31 paise to Rs 96.06 per litre.

Crude oil futures prices rise due to strong spot demand

Crude oil prices rose by Rs 77 to Rs 5,858 per barrel in futures trade on Thursday 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 77 or 1.33 percent to Rs 5,858 per barrel. It was traded for 9.273 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.71 percent to $ 69.96 per barrel, while the price of Brent crude rose 0.82 percent to $ 74.87. 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.

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