Petrol-Diesel Price: Petrol-Diesel became cheaper in Bihar, prices increased in Rajasthan, know what is the rate in your city.
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Petrol-Diesel Price: The effect of the fire in crude oil prices in the global market is not visible in India. Indian oil companies have released the rates of petrol and diesel at 6 am on Thursday. Today the prices of petrol and diesel are stable in most cities. Whereas, reductions and increases have been seen in many cities. However, the prices of petrol and diesel have been reduced in Bihar. Whereas, prices have increased in Rajasthan. The good thing is that there has been no change in oil prices in the four metros of the country. In the capital Delhi, petrol is being sold at Rs 96.72 per liter, while diesel is being sold at Rs 89.62 per liter. In Mumbai, petrol is Rs 106.31 and diesel is Rs 94.27 per liter. Whereas in Kolkata the price of petrol is Rs 106.03 and diesel is Rs 92.76, whereas in Chennai the price is Rs 102.63 and diesel is Rs 94.24.
How much did the price of petrol and diesel change in which state?
On Wednesday morning, WTI crude was trading at $ 90.70 per barrel, up 0.34 percent around 6 am. Whereas, Brent crude was trading 0.32 percent higher at $ 94.26 per barrel. Meanwhile, today petrol prices have been reduced by 36 paise in Bihar, 30 paise in Punjab and 44 paise in West Bengal. Whereas, the price of diesel has decreased by 34 paise in Bihar, by 28 paise in Punjab and by 41 paise in West Bengal. According to Indian Oil, diesel has become costlier by 14 paise in Uttar Pradesh. It is being told that the price of petrol in Rajasthan has been increased by 27 paise. An increase in the prices of petrol and diesel is also being seen in Jharkhand and Haryana.
Price of petrol and diesel in other cities
City Petrol (Rs/Litre) Diesel (Rs/Litre)
Noida 96.92 90.08
Gurugram 97.18 89.96
Hyderabad 109.66 97.82
Chandigarh 96.20 84.26
Bengaluru 101.94 87.89
Lucknow 96.68 89.87
Patna 107.59 94.36
Jaipur 108.16 93.43
Crude oil futures prices rise due to spot demand
Crude oil prices rose by Rs 62 to Rs 7,605 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 October rose by Rs 62 or 0.82 percent to Rs 7,605 per barrel. It was traded for 7,914 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.96 percent. Market analysts said crude oil futures prices rose due to traders increasing the size of their deals. With this, the price of Brent crude was trading at $ 94.57 per barrel, showing a rise of 0.51 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:
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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. These events occur between different countries and producers and impact prices.
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