Petrol-Diesel Price Today: At 6 am today, WTI Crude Oil was trading at $ 77.60 per barrel. Whereas, Brent crude was being sold at $ 82.32 per barrel.
Petrol-Diesel Price Today: There was once again a rise in the price of crude oil in the global market on Tuesday. At 6 am today, WTI Crude Oil was trading at $ 77.60 per barrel. Whereas, Brent crude was being sold at $ 82.32 per barrel. There is a possibility that if Iran directly enters the Israel-Hamas war this week, then there is every possibility of a rise in the production and prices of crude oil. Meanwhile, the prices of petrol and diesel for today have been released by Indian oil distribution companies. Companies have not made any change in oil prices at the national level. Today in the capital Delhi, petrol is being sold at Rs 96.72 and diesel at Rs 90.08 per litre. Whereas, 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 102.74 and diesel at Rs 94.33 per liter since this morning. At the same time, today again in Maharashtra the prices of petrol have been increased by one rupee and the prices of diesel have been increased by 97 paise. After this, petrol is being sold at Rs 106.31 and diesel at Rs 94.27 per liter in Mumbai.
Changes in oil prices in other cities
An increase in the prices of petrol and diesel is being seen today in Patna, the capital of Bihar. Today petrol is being sold at Rs 108.12 and diesel at Rs 94.86 per litre. In Chhattisgarh too, petrol prices have increased by 60 paise and diesel prices have increased by 59 paise. Along with this, the prices of petrol and diesel are also increasing in Rajasthan, Himachal Pradesh and Tripura. Apart from this, there has been no significant change in oil prices in most of the states. In Lucknow, the capital of Uttar Pradesh, petrol is being sold at Rs 96.57 and diesel at Rs 89.76 since this morning. Whereas, in Noida petrol is being sold at Rs 96.58 and diesel at Rs 89.75 and in Ghaziabad at Rs 96.58 and diesel at Rs 89.75 since this morning.
Crude oil futures prices rise due to increase in spot demand
Crude oil prices rose by Rs 55 to Rs 6,401 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 for delivery of crude oil in December rose by Rs 55 or 0.87 percent to Rs 6,401 per barrel. It was traded for 13.059 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 0.82 percent to $ 76.51 per barrel, while the price of Brent crude rose 0.57 percent to $ 81.08. 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.