Petrol-Diesel Price: Petrol-Diesel becomes costlier in UP, reduction in Haryana, know what is the rate in your city
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Petrol-Diesel Price: The prices of petrol and diesel remain flat in the global market. On Tuesday evening, global oil benchmark Brent crude futures were trading 0.91 per cent lower at $92.44 per barrel. Whereas, WTI Crude oil was being sold at $ 90.72 per barrel with an increase of 0.37 percent around 6 am. Whereas, Brent crude was up 0.33 percent at $ 94.27 per barrel. Meanwhile, oil companies have released the prices of petrol and diesel for Wednesday. This morning petrol prices in West Bengal have increased by 42 paise. Whereas, diesel has become costlier by 39 paise. At the same time, the prices of petrol and diesel have increased by 25 paise in Uttar Pradesh. Oil companies have increased the prices of petrol by 32 paise and diesel by 30 paise in Maharashtra. On Wednesday, a rise in oil prices was seen in many other states including Kerala, Jammu and Kashmir, Tamil Nadu and Telangana. However, the prices of petrol and diesel have been reduced in Haryana today. Along with this, there has been a reduction of 19 paise in the price of petrol and 17 paise in the price of diesel in Rajasthan.
What are the prices of petrol and diesel in metros?
City Petrol(Rs/Litre) Diesel(Rs/Litre)
Delhi 96.72 89.62
Mumbai 106.31 94.27
Kolkata 106.03 92.76
Chennai 102.63 94.24
Noida 96.65 89.82
Ghaziabad 96.58 89.75
Lucknow 96.57 89.76
Patna 107.24 94.04
Port Blair 84.10 79.74
Crude oil futures prices fall due to weak spot demand
After weak spot demand, traders cut their deals, due to which the price of crude oil fell by 1.29 percent to Rs 7,373 per barrel in futures trade on Tuesday. On the Multi Commodity Exchange, the contract of crude oil for delivery in September fell by Rs 96 or 1.29 percent to Rs 7,373 per barrel. It was traded for 6,959 lots. Globally, West Texas Intermediate crude oil declined by 1.40 percent to $ 88.42 per barrel, while the price of Brent crude was trading at $ 92.03 per barrel, showing a slight rise.
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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