Petrol, Diesel Price: Declining Crude Oil Prices, Petrol And Diesel Prices In The Country Are Like This: It is known that recently motorists got some relief from the prices of petrol and diesel. Recently, there has been a slight decrease in the prices of petrol and diesel.
Petrol Diesel Price Today
It is known that recently motorists got some relief from the prices of petrol and diesel. Recently there has been a slight decrease in the prices of petrol and diesel. And the price of crude oil, which reached 100 dollars three days ago, is decreasing again. Crude oil fell to record lows in August. But despite all this, the price of petrol and diesel remains the same in the domestic market. On Thursday, the price of WTI crude fell to Rs.85.89 per barrel for the third day in a row. Brent crude fell to 92.65 per barrel.
Earlier in the day, crude oil hit record lows. After that, the oil exporting countries decided to reduce crude oil production. Since then there has been an increase in crude oil. There will be relief in petrol and diesel prices from oil companies. There has been no change in the prices of petrol and diesel in the domestic market for more than 5 months.
As per the revised prices, today’s petrol and diesel prices in major metropolitan cities of India are as follows. Petrol and diesel prices in Delhi are Rs.96.72 and Rs.89.62 respectively. While the petrol price in Mumbai is Rs.106.31, diesel price is Rs.94.27, Chennai petrol is Rs.102.63 and diesel is Rs.94.24 per liter. Petrol price in Kolkata is Rs. 106.03, while diesel is Rs.92.76. In Noida, a liter of petrol is Rs.96.57 and a liter of diesel is Rs. 89.96, petrol price in Lucknow is Rs.96.57 per liter and diesel price is Rs.89.76. In Bengaluru, petrol is Rs. 101.94 per liter, while diesel price is Rs. is 87.89. Also, in Hyderabad, the price of a liter of petrol is Rs. 109.66, while the price of a liter of diesel is Rs. 97.82.
Crude oil fell to record lows in August-September. But then there was no change in petrol-diesel prices in the domestic market. The last change in oil prices took place on May 22. This is the first time that petrol and diesel prices have remained stable for more than 5 months. On May 22, the government reduced the excise duty. Due to this, the prices of petrol and diesel have decreased across the country. After this, VAT on oil was reduced in Maharashtra. This reduced the price of fuel.
Public sector oil marketing companies (OMCs) revise fuel prices according to international benchmark prices and foreign exchange rates. The OMCs include Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL).
Public sector oil companies fix the prices of petrol and diesel every day. You can check daily petrol and diesel prices in your city via SMS. If you are an Indian Oil customer, you can send an SMS to 9224992249 by typing dealer code RSP. HPCL customers can send an SMS to 9222201122 by typing dealer code HP PRICE. BPCL customers can send RSP to 9223112222 by entering the dealer code. Differences in local taxes like VAT and freight charges from one state to another affect petrol and diesel prices in different cities.