Petrol-Diesel Price: Crude oil prices continue to fall, prices reduced in many cities, know what is the rate in your place

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Petrol-Diesel Price Today: There is an atmosphere of turmoil in the global economy. Meanwhile, a big decline in the prices of crude oil continues. At 6 am on Thursday, WTI crude was trading at $ 75.64 per barrel. Whereas, Brent crude was being sold at $ 79.54 per barrel. Meanwhile, Indian oil companies have released the rates of petrol and diesel for today. Let us tell you that before June 2017, the rates of petrol and diesel were revised every 15 days. But, now the rate is decided by the oil distribution companies according to the price of crude oil every day. However, at the national level petrol and diesel companies have not made any changes. The prices of petrol and diesel are stable in the capital Delhi. Here petrol is being sold at Rs 96.72 per liter and diesel at Rs 89.76 per litre. Apart from this, 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 and in Chennai petrol is being sold at Rs 102.65 and diesel at Rs 94.25 per liter since this morning. However, due to VAT tax, changes in oil prices have been seen in many cities.

Prices changed in other cities

There is no change in the prices of petrol and diesel in Bihar’s capital Patna today. Here petrol is being sold at Rs 107.24 and diesel at Rs 94.04 per litre. Whereas, a slight increase in the prices of petrol and diesel has been seen in Lucknow, the capital of Uttar Pradesh. Here petrol is being sold at Rs 96.36 and diesel at Rs 89.56 per litre. At the same time, in Noida petrol is being sold at Rs 96.79 and diesel at Rs 89.96 and in Ghaziabad at Rs 96.67 and diesel at Rs 89.84 per liter since this morning. Today people in Maharashtra have got relief in the prices of petrol and diesel. Here petrol has become cheaper by 61 paise and diesel by 59 paise. Along with this, people of Rajasthan will also get cheaper petrol and diesel. Here petrol has become cheaper by 13 paise and diesel by 12 paise. However, people in Punjab will have to spend 24 paise per liter more for petrol and diesel today. At the same time, people in Gujarat will find petrol costlier by 15 paise and diesel by 16 paise.

Crude oil futures prices fall due to weak spot demand

Crude oil prices fell 0.63 percent to Rs 6,466 per barrel in futures trade on Wednesday as traders cut their deals following weak spot demand. On the Multi Commodity Exchange, the contract of crude oil for delivery in November fell by Rs 41 or 0.63 percent to Rs 6,466 per barrel. It was traded for 11.826 lots. Globally, West Texas Intermediate crude oil remained unchanged at $ 77.37 per barrel, while the price of Brent crude was trading at $ 81.83 per barrel, showing a rise of 0.27 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.

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