Petrol-Diesel Price: Crude oil prices softened, prices changed from Noida to Patna, see updates
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Petrol-Diesel Price Today: The effect of the ongoing decline in crude oil prices for the last few days is being seen in the market. Brent crude is trading down to $85.27 per barrel. Whereas, the rate of WTI has also gone down to $ 81.04 per barrel. Meanwhile, Indian oil companies have released the prices of petrol and diesel for today. There has been no change in oil prices at the national level. However, in the capital Delhi, petrol is being sold at Rs 96.65 and diesel at Rs 89.82 per liter. Whereas. In Mumbai, petrol is being sold at Rs 106.31 and diesel at Rs 94.27, in Chennai petrol is being sold at Rs 102.63 and diesel at Rs 94.24 and in Kolkata petrol is being sold at Rs 106.03 and diesel at Rs 92.76 per litre. However, there has been a lot of change in the prices of petrol and diesel in many states. In Patna, the capital of Bihar, the price of petrol has increased by about 32 paise. After which it is being sold at the price of Rs 107.24 per liter. At the same time, after the increase of 30 paise in the price of diesel, it is being sold at Rs 94.51.
Prices changed in these cities also
Changes in the prices of petrol and diesel have also been seen in Lucknow, the capital of Uttar Pradesh. Here the price of petrol has fallen by 30 paise to Rs 96.42 per litre. At the same time, after the price of diesel has decreased by 31 paise, it is being sold at Rs 89.62 per litre. Whereas, people in Ghaziabad have got a relief of 14 paise in the price of petrol. Here petrol is being sold cheaper by Rs 96.44 per liter and diesel by 13 paise at Rs 89.62 per liter. In Noida, petrol is being sold at Rs 96.79 per liter and diesel at Rs 89.96 per liter since this morning. Whereas, in Gurugram the price of petrol has reached Rs 97.18 per liter and the price of diesel has reached Rs 90.05 per liter. In Chandigarh, the price of petrol has become Rs 96.20 and the price of diesel has become Rs 84.26 per liter.
IOC acquires Mercator Petroleum for Rs 148 crore
Public sector Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in insolvency proceedings. The company gave this information to the stock market. IOC said that the resolution plan of IOC for the acquisition of 100 percent stake in Mercator Petroleum Limited (MPL) has been approved by the Mumbai bench of the National Company Law Tribunal (NCLT). MPL has an onshore oil and gas exploration block in the Gulf of Khambhat, Gujarat. Block CB-ONN-2005/9 was won by the company in the 7th NELP bid in 2008. It is likely to have 4.55 crore barrels of oil reserves. This block is located at a distance of about 60 kilometers from Koyali Refinery Block of IOC.
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 fees 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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