Petrol Diesel Price Today: There is continuous fluctuation in the prices of crude oil in the international market. However, there is a decline in oil prices. At 7.30 am, the price of WTI Crude Oil fell by 2.02% i.e. $1.56 and is trading at $75.5 per barrel. At the same time, Brent Crude Oil is being sold at $80.58 per barrel, falling by 1.03% i.e. $0.84. Experts say that due to the lull in the Israel-Hamas war, oil prices are once again falling. Along with this, some other global economic environment remains its factors. Meanwhile, Indian oil distributor companies have released the prices of petrol and diesel for today. Even today there has been no change in oil prices at the national level by the companies. The prices of petrol and diesel are stable in the capital Delhi. Here petrol is being sold at Rs 96.72 and diesel at Rs 90.08 per litre. Whereas, in Mumbai petrol is being sold at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol is being sold at Rs 106.03 and diesel at Rs 92.76 and in Chennai petrol is being sold at Rs 102.75 and diesel at Rs 94.34 per litre.
Petrol and diesel prices change in other cities also
A decline in the prices of petrol and diesel has been seen today in Patna, the capital of Bihar. Here a decline of 18 paise has been seen in the prices of petrol. Today the price of petrol here is Rs 107.24 per liter and diesel is priced at Rs 94.04 per liter. In Lucknow, the capital of Uttar Pradesh, petrol is being sold at Rs 96.57 a liter and diesel at Rs 89.76 a litre. At the same time, in Noida today petrol is being sold at Rs 96.65 a liter and diesel at Rs 89.82 a litre. Whereas, in Gurugram adjacent to Delhi, petrol is available at Rs 96.89 and diesel at Rs 89.76 per litre. In Rajasthan’s capital Jaipur, petrol is being sold at Rs 108.48 a liter and diesel at Rs 93.72 a litre. Today petrol is being sold at Rs 109.66 per liter in Hyderabad. Whereas, the price of diesel is Rs 97.82 per litre.
There was a rise in the future prices of crude oil on Friday
Crude oil prices rose by Rs 14 to Rs 6,388 per barrel in futures trade on Friday 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 December rose by Rs 14 or 0.22 percent to Rs 6,388 per barrel. It was traded for 11.514 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil fell 0.89 percent to $ 76.41 per barrel, while the price of Brent crude fell 0.09 percent to $ 81.35. Was trading at 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.