Petrol-Diesel Price Today: Crude oil prices remain flat in the global market. this morning at six o’clock WTI Crude Oil It was being sold at the price of $77.74 per barrel. Whereas, Brent crude was trading at $ 82.45 per barrel. It is being told that this week the fluctuations in crude oil prices will continue in the global economic scenario. Meanwhile, Indian oil distribution companies have released the rates of petrol and diesel for today. Even today, companies have not made any change in oil prices at the national level. However, due to VAT tax, changes in the rates of petrol and diesel have been seen in many cities. There is no change in the prices of petrol and diesel in the capital Delhi. Here petrol is being sold at Rs 96.72 per litre. Whereas, the price of diesel is Rs 90.08 per liter. Apart from this, in Mumbai petrol is being sold at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol at Rs 106.03 and diesel at Rs 92.76 and in Chennai petrol at Rs 102.74 and diesel at Rs 94.33 from this morning.
Oil prices changed in other cities
An increase in the prices of petrol and diesel has been seen today in Patna, the capital of Bihar. From 6 am on Wednesday, petrol is being sold here at Rs 107.54 and diesel at Rs 94.32 per litre. Whereas, in Uttar Pradesh the price of petrol and diesel has increased by 25 paise. After this, petrol is being sold at Rs 96.57 per liter and diesel at Rs 89.76 per liter in Lucknow. In Noida, petrol is being sold at Rs 96.59 and diesel at Rs 89.76 and in Ghaziabad at Rs 96.58 and diesel at Rs 89.75 per litre. In West Bengal too, petrol prices have increased by 44 paise and diesel prices have increased by 41 paise today. But, the rates in Kolkata are normal. In Punjab, the price of petrol has increased by 27 paise and that of diesel by 25 paise. Besides, the prices of petrol and diesel are also increasing in Rajasthan, Karnataka and Kerala. Whereas, a slight decline in the prices of petrol and diesel is being seen in Jharkhand, Madhya Pradesh, Goa and Maharashtra.
Crude oil futures prices fall due to decrease in spot demand
Crude oil prices fell 1.48 percent to Rs 6,446 per barrel in futures trade on Tuesday as traders reduced the size of their deals following strong spot demand. On the Multi Commodity Exchange, the contract of crude oil for delivery in December fell by Rs 97 or 1.48 percent to Rs 6,446 per barrel. It was traded for 11,441 lots. Globally, West Texas Intermediate crude oil rose by 2.25 percent to $ 77.60 per barrel, while the price of Brent crude was down by 0.90 percent at $ 81.58 per barrel.
How to check the fuel rate of your city
To know the fuel rate of your city through message, BPCL customers will have to send the message RSP
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 duties 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.