Petrol-Diesel Price: Petrol-Diesel prices changed from Rajasthan to Bihar, what is today’s rate in your city?

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Petrol-Diesel Price: Crude oil prices continue to fluctuate in the international market. Compared to yesterday, there is an increase in the price of crude oil in the market today. At 6 am today, WTI crude was at $ 86.39 per barrel. Whereas, Brent crude was also trading at $ 88.13 per barrel. Meanwhile, Indian oil distribution companies have released the rates of petrol and diesel for Monday. Today, the prices of petrol and diesel are stable in many cities, while in some cities there has been a rise in the prices. It is being told that today the price of petrol in Rajasthan has fallen by around one rupee. In Rajasthan today petrol is being sold after falling by 93 paise to Rs 107.55 per litre. At the same time, the price of diesel has also been reduced by 84 paise. After this, the price of diesel is being sold at Rs 93.72 per liter in Jaipur. Along with this, the price of fuel oil has also reduced in Maharashtra, Punjab, Bihar and Jammu and Kashmir. However, the prices of petrol and diesel remain stable in the capital Delhi. Here petrol is being sold at Rs 96.72 and diesel at Rs 89.62 per litre. Whereas, in Mumbai, petrol is being sold at Rs 106.31 and diesel at Rs 94.27 per liter. There has been no change in the prices of petrol and diesel in Chennai and Kolkata also. In Chennai, petrol is being sold at Rs 102.74 and diesel at Rs 94.34 per litre, whereas in Kolkata, petrol is being sold at Rs 106.03 and diesel at Rs 92.76 per litre.

Petrol and diesel prices in other cities

City Petrol(Rs/Litre) Diesel(Rs/Litre)

Noida Rs 97 Rs 90.14

Ghaziabad Rs 96.58 Rs 89.75

Lucknow Rs 96.57 Rs 89.76

Patna Rs 107.24 Rs 94.04

Port Blair Rs 84.10 Rs 79.74

Despite the rise in crude oil, there is no possibility of increase in the prices of petrol and diesel.

Despite the rise in crude oil prices, petrol and diesel prices are unlikely to increase due to the general elections next year. This was said in a report by Moody’s Investors Service. Three public sector fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have kept the prices of petrol and diesel stable for 18 consecutive months. These companies control about 90 percent of the market. This was done despite the increase in crude oil prices last year, due to which these companies suffered huge losses in the first half of the financial year 2022-23. Due to strengthening of international oil prices since August, the profit (margin) of all three retailers has again gone into the negative category. According to Moody’s report, high crude oil prices will weaken the profitability of India’s three state-owned oil marketing companies IOC, BPCL and HPCL. The report said that the three companies will have limited opportunities to increase the retail selling prices of petrol and diesel in the current financial year due to the general elections in May 2024. However, due to weak global growth, high oil prices are not likely to last for long.

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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