Petrol-Diesel Price Today: A slight increase is being seen in the prices of crude oil in the international market today. WTI Crude Oil Today it was trading at $ 69.92 per barrel with a rise of 0.71 percent. Whereas, Brent Crude Oil It was being sold at $ 74.81 per barrel with an increase of 0.74 percent. Meanwhile, it is expected that oil prices may remain rising in the global market till the end of the year. Meanwhile, Indian oil distributor companies have released the rates of petrol and diesel for today. Even today the companies have not changed the oil prices at the national level. However, according to the states, due to changes in VAT tax, changes are being seen in the prices of petrol and diesel at some places. The prices of petrol and diesel are stable in the capital Delhi. Currently, petrol is being sold here at the rate of Rs 96.72 and diesel at Rs 90.08 per litre. Whereas, in Mumbai petrol is being sold at the rate of Rs 106.31 and diesel at Rs 94.27 per litre, in Kolkata petrol is being sold at Rs 106.03 and diesel at Rs 92.76 per liter and in Chennai petrol is being sold at the rate of Rs 102.74 and diesel at Rs 94.33 per litre. Apart from this, changes in oil prices have been seen in some cities.
Oil price changed in other states
There is some relief in oil prices today in Patna, the capital of Bihar. Here petrol has become cheaper by 36 paise and reached Rs 106.88 per litre. Whereas, the price of diesel has reduced by 34 paise to Rs 93.69 per litre. Today in Uttar Pradesh, petrol is being sold at Rs 96.77 per liter after an increase of 14 paise. Whereas, diesel has increased by 13 paise and is being sold at Rs 89.93 per litre. In Lucknow, petrol is being sold at Rs 96.68 and diesel at Rs 89.87, in Noida petrol is being sold at Rs 96.92 and diesel at Rs 90.08 and in Ghaziabad petrol is being sold at Rs 96.26 and diesel at Rs 89.45 per liter. The price of petrol has decreased by 44 paise in West Bengal. Today petrol is being sold here at Rs 106.82 per litre. Whereas, diesel has become cheaper by 41 paise and is Rs 93.49 per litre. Petrol prices in Rajasthan have increased by 33 paise. Here petrol is being sold at Rs 108.69 per litre. Whereas, the price of diesel has increased by 31 paise to Rs 93.92 per litre.
Crude oil futures prices fall due to weak spot demand
Crude oil prices fell 0.93 percent to Rs 5,664 per barrel in futures trade on Wednesday as traders cut their deals following weak spot demand. On the Multi Commodity Exchange, the contract of crude oil for delivery in December fell by Rs 53 or 0.93 percent to Rs 5,664 per barrel. It was traded for 13.364 lots. Globally, West Texas Intermediate crude oil declined by 0.83 percent to $ 68.04 per barrel, while the price of Brent crude was trading at $ 72.60 per barrel, showing a decline of 0.87 percent.
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 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.