Petrol-Diesel Price: Crude oil prices stable, petrol-diesel prices changed in many states, know the updated rates.

Petrol-Diesel Price Today: Global market crude oil price has almost stabilized below 80 dollars. Today at 7.30 am, WTI Crude Oil was trading at $ 72.39 per barrel with a slight increase of 0.1 percent. At the same time, a slight increase of 0.12 percent is being seen in Brent Crude Oil. It is trading at $77.29 per barrel. Meanwhile, Indian oil companies have released the prices of petrol and diesel for today. Oil companies have not made any change in oil prices at the national level. However, due to VAT tax, changes in the prices of petrol and diesel are being seen in many states. 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 priced 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.

Prices changed in other cities

The prices of petrol and diesel have been stable for the last three-four days in Patna, the capital of Bihar. Here the price of petrol is Rs 107.24 a liter and diesel is being sold at Rs 94.04 a litre. Whereas, changes are being seen in the prices of petrol and diesel in Uttar Pradesh. Here the price of petrol has reduced by 38 paise and is being sold at Rs 96.10 per liter. Whereas, diesel prices have been reduced by 37 paise. After this, it is being sold at Rs 89.27 per liter. In Haryana too, people will have to spend 28 paise less for petrol today, where petrol is being sold at Rs 97.24 per liter and diesel is being sold 28 paise cheaper at Rs 90.08 per litre. In Maharashtra, petrol is being sold 28 paise less at Rs 106.85 per litre. At the same time, the prices of diesel have increased by 25 paise and it is being sold at Rs 93.33 per litre.

Crude oil futures prices rise due to strong spot demand

Crude oil prices rose by Rs 25 to Rs 6,182 per barrel in futures trade on Tuesday 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 25 or 0.41 percent to Rs 6,182 per barrel. It was traded for 12.960 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 1.20 percent to $ 73.92 per barrel, while the price of Brent crude rose 1.15 percent to $ 78.93. 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 duties 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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