Petrol-Diesel Price: Crude oil prices rise again, petrol-diesel prices rise from Maharashtra to Bihar

Petrol-Diesel Price Today: There was a slight rise in the prices of crude oil in the global market at 7 am on Tuesday. WTI Crude Oil is being sold at the price of $ 71.47 per barrel with an increase of 0.21 percent. Whereas, Brent Crude Oil was trading at $ 76.15 per barrel with a rise of 0.16 percent. 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 priced at Rs 106.31 and diesel at Rs 94.27, in Kolkata petrol is sold at Rs 106.03 and diesel at Rs 92.76. Petrol is being sold at the rate of Rs 102.74 per liter and diesel at Rs 94.33 per liter in Chennai. Apart from this, changes in oil prices have been seen in some cities.

Oil prices changed in other states

An increase of 36 paise has been seen in the prices of petrol in Patna, the capital of Bihar. From this morning petrol is being sold here at the price of Rs 107.30 per litre. Whereas, diesel prices have increased by 34 paise. After this, the price of diesel has become Rs 94.09 per litre. At the same time, in Uttar Pradesh, after a fall of 14 paise, petrol is being sold at Rs 96.63 per litre. Whereas, diesel is being sold at Rs 89.80 per liter with an increase of 13 paise. Today in the capital Lucknow, petrol is being sold at Rs 96.57 and diesel at Rs 89.76 per litre, in Noida at Rs 96.65 and diesel at Rs 89.82 and in Ghaziabad at Rs 96.58 and diesel at Rs 89.75 per litre. In Maharashtra, petrol has become costlier by 26 paise and is being sold at Rs 106.58 per litre. After an increase of 25 paise in the price of diesel, it is being sold at Rs 93.09 per litre. Diesel prices in Punjab have increased by 28 paise. Today diesel is being sold here at Rs 89.04 per litre. Whereas, petrol has become costlier by 30 paise and is being sold at Rs 98.74 per litre.

Crude oil futures prices rise due to strong spot demand

Crude oil prices rose by Rs 49 to Rs 5,984 per barrel in futures trade on Monday 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 49 or 0.83 percent to Rs 5,984 per barrel. It was traded for 14.984 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.60 percent to $ 71.66 per barrel, while the price of Brent crude rose 0.63 percent to $ 76.32. 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 to number 9224992249. To know the price, HPCL customers should message HPPRICE to 9222201122. Indian Oil customers can message RSP to 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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