Petrol-Diesel Price: Crude oil price stable below $80, petrol-diesel prices increased in many states

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Petrol-Diesel Price Today: In the global market, the price of crude oil is trading with a slight increase below 80 dollars. At 7 am in the morning, WTI Crude Oil was trading at a price of $ 73.23 per barrel with a green mark. Whereas, Brent Crude Oil was trading at $78.19 with a rise of 0.21 percent. Meanwhile, news is coming that the cut in oil production by OPEC+ countries has been extended till March. Meanwhile, Indian oil companies have released the rates of petrol and diesel for today. There has been no change in the prices of petrol and diesel at the national level by the companies. However, due to VAT tax, changes in oil prices have been seen in many cities. 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

There is no change in the prices of petrol and diesel in Patna, the capital of Bihar. Here the price of petrol is Rs 107.24 a liter and diesel is being sold at Rs 94.04 a litre. A very slight increase is being seen in the prices of petrol and diesel in Uttar Pradesh. After this, today petrol is being sold here at Rs 96.48 per liter while diesel is being sold at Rs 89.64 per liter. Whereas, in Maharashtra, there has been an increase of 21 paise in the prices of petrol and diesel. After this, petrol is being sold here at Rs 106.57 per liter and diesel at Rs 93.08 per liter. In West Bengal, the price of petrol has increased by 44 paise and the price of diesel has increased by 41 paise. After this, petrol is being sold here at Rs 107.26 and diesel at Rs 93.90 per litre. At the same time, in Punjab there has been a decrease of 22 paise in petrol and 21 paise in diesel. Here petrol is being sold at Rs 98.52 a liter and diesel at Rs 88.83 a litre. Apart from this, a decline in the prices of petrol and diesel is also being seen in Jammu and Kashmir, Kerala, Odisha and Goa.

Crude oil futures prices fall due to weak spot demand

Crude oil prices fell 2.56 percent to Rs 6,120 per barrel in futures trade on Monday as traders cut their deals following weak spot demand. On the Multi Commodity Exchange, the contract of crude oil for delivery in December fell by Rs 107 or 2.56 percent to Rs 6,120 per barrel. It was traded for 13,030 lots. Globally, West Texas Intermediate crude oil fell by 1.19 percent to $ 73.19 per barrel, while the price of Brent crude was trading at $ 77.19 per barrel, showing a strength of 1.19 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 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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