Petrol-Diesel Price Today: The price of crude oil has decreased in the international market. WTI Crude Oil The price was at $ 84.32 per barrel with an increase of 0.12 percent at 6 am. Whereas, the price of Brent crude oil has increased by 0.15 percent to reach $ 85.94 per barrel. Meanwhile, on Thursday morning, Indian oil distribution companies have released the prices of petrol and diesel. Oil prices remain normal in most cities of the country. Whereas, in many cities the prices of petrol and diesel have gone up and down. In Agra, Uttar Pradesh, petrol has become costlier by 20 paise and is being sold at Rs 96.47 per liter and diesel has become costlier by 20 paise and is being sold at Rs 89.64 per litre. Whereas, people in Varanasi will have to buy expensive oil today. Here petrol and diesel have become costlier by 16 paise. Due to this, petrol is available at Rs 97.05 and diesel at Rs 90.24 per litre. In Noida of NCR too today an increase of 17 paise is being seen in the price of petrol and diesel. Here petrol is being sold at Rs 96.77 per liter and diesel at Rs 89.94 per litre. In Ahmedabad, Gujarat, petrol is being sold costlier by 5 paise to Rs 96.37 and diesel by 6 paise to Rs 92.11 per liter since morning. The biggest reduction in the prices of petrol and diesel has taken place today in Jaipur, Rajasthan. Here petrol has become cheaper by 83 paise and is available at Rs 108.48 while diesel is available at Rs 93.72 per liter after a reduction of 75 paise. In Pune, petrol is becoming cheaper by 33 paise at Rs 105.84 and diesel is becoming cheaper by 32 paise at Rs 92.36 per litre.
Petrol diesel price in other cities
City Petrol(Rs/Litre) Diesel(Rs/Litre)
Noida 96.59 89.76
Gurugram 96.96 89.83
Hyderabad 109.66 97.82
Chandigarh 96.20 84.26
Bengaluru 101.94 87.89
Lucknow 96.57 89.76
Patna 107.74 94.51
Jaipur 108.48 93.72
Bhubaneswar 103.02 94.59
Crude oil futures prices fall due to weak spot demand
Crude oil prices fell 1.44 percent to Rs 7,341 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 October fell by Rs 107 or 1.44 percent to Rs 7,341 per barrel. It was traded for 6.959 lots. Globally, West Texas Intermediate crude oil declined by 1.13 percent to $ 88.22 per barrel, while the price of Brent crude was trading at $ 90.03 per barrel, showing a slight rise.
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 duties 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. These events occur between different countries and producers and impact prices.