Tag: Crude oil

  • Petrol-Diesel Price: Petrol-Diesel prices increased from Haryana to Bihar, what is today’s rate in your city?

    Petrol-Diesel Price Today: After the start of Israel-Hamas war, crude oil prices went on fire. The effect of unrest in West Asia is being seen all over the world. However, there was a slight relief in the prices of crude oil at 6 am on Tuesday. WTI crude was being sold at $86.11 per barrel. Whereas, Brent crude was also trading at $ 87.93 per barrel. Meanwhile, Indian oil distribution companies released the prices of petrol and diesel at 6 am today. There has been no change in prices at the national level by oil companies. Whereas, changes in oil prices have been seen in Punjab, Haryana, Rajasthan, Uttar Pradesh and Bihar. Today there has been a relief of 48 paise in petrol prices in Punjab. Whereas, the rise in petrol prices continues in Rajasthan. Here today an increase of 6 paise has been seen in the prices of petrol. Apart from this, the prices of petrol and diesel in Uttar Pradesh have increased by 10 paise. However, in the capital Delhi, petrol is being sold at Rs 96.72 and diesel at Rs 89.62 per liter.

    Petrol and diesel prices released in other cities

    City Petrol (Rs/per litre) Diesel (Rs/per litre)

    Mumbai 106.31 94.27

    Kolkata 106.03 92.76

    Chennai 102.74 94.34

    Noida 96.59 89.76

    Ghaziabad 96.58 89.75

    Lucknow 96.44 89.62

    Patna 107.74 94.51

    Port Blair 84.10 79.74

    Crude oil futures prices rise due to strong spot demand

    Crude oil prices rose by Rs 241 to Rs 7,116 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 October rose by Rs 241 or 3.51 percent to Rs 7,116 per barrel. It was traded for 10.131 lots. Market analysts said crude oil futures prices rose as traders increased the size of their deals. Globally, West Texas Intermediate crude oil rose 2.90 percent to $ 85.19 per barrel, while the price of Brent crude showed a rise of 2.68 percent. Was trading at $86.85 per barrel. Despite the rise in crude oil prices, petrol and diesel prices are unlikely to increase due to the general elections next year. This was said in a report by Moody’s Investors Service. Three public sector fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have kept the prices of petrol and diesel stable for 18 consecutive months. These companies control about 90 percent of the market.

    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.

  • Petrol-Diesel Price: Crude oil price surge, will petrol and diesel also be affected? What is today’s rate in your city?

    Petrol-Diesel Price: Crude oil prices in the international market (Crude Oil PriceThe fire in ) has now stopped. After crossing the price of $90 per barrel, the price of crude oil has now fallen sharply. WTI Crude is being sold at $82.79 per barrel. Whereas, Brent crude is $ 85.58 per barrel. The fall in prices is going to have a big impact on the global market. Meanwhile, on Sunday morning, oil distributor companies have released today’s prices of petrol and diesel. The fall in the price of crude oil in the international market has not seen any significant impact in the market. Oil companies have not made any changes at the national level. However, there have been slight fluctuations in the prices of petrol and diesel in some cities of the country. The prices of petrol and diesel are stable in the four metropolitan cities of the country, Delhi, Mumbai, Chennai and Kolkata. In the capital Delhi, petrol is being sold at Rs 96.72 and diesel at Rs 89.62 per liter. Whereas, in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per liter since this morning. At the same time, in Chennai petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per liter, while in Kolkata petrol is being sold at Rs 106.03 and diesel at Rs 92.76 per liter.

    Petrol and diesel prices in other cities

    City Petrol(Rs/Litre) Diesel(Rs/Litre)

    Noida 97.00 90.14

    Gurugram 96.94 89.82

    Bengaluru 101.94 87.89

    Chandigarh 96.20 84.26

    Jaipur 108.48 93.72

    Patna 107.24 94.04

    Lucknow 96.58 89.77

    Crude oil futures prices fall due to weak spot demand

    Crude oil prices fell by 0.19 percent to Rs 6,907 per barrel in futures trade on Friday 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 13 or 0.19 percent to Rs 6,907 per barrel. It was traded for 12,195 lots. Globally, West Texas Intermediate crude oil fell 0.39 percent to $ 82.63 per barrel, while the price of Brent crude was trading at $ 84.26 per barrel, showing a decline of 0.23 percent.

    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.

  • Petrol-Diesel Price: Petrol-Diesel prices fell in many cities, know what is today’s rate in your city.

    Petrol-Diesel Price: There was a continuous rise in the prices of crude oil in the international market. The price of crude oil had reached near $100 per barrel. But, after this a decline is being seen in the prices. An increase of 0.60 percent was seen in the price of WTI Crude Oil at 6 am on Friday. It was being sold at around $82.80 per barrel. Whereas, Brent crude oil remains at $ 84.46 per barrel with an increase of 0.46 percent. However, there is no significant impact of fluctuations in the price of crude oil in the international market in India. The price of petrol and diesel is stable in most cities. However, in Chennai petrol is being sold 3 paise cheaper at Rs 102.74 per litre. Whereas, diesel prices have also been reduced by four paise. It is being sold at Rs 94.33 per litre. At the same time, the prices of petrol and diesel are stable in the country’s capital Delhi. Here petrol is being sold at Rs 96.72 per liter and diesel at Rs 89.62 per litre. Whereas, in Mumbai petrol is being sold at Rs 106.31 per litre, diesel at Rs 94.27 per liter and in Kolkata petrol is being sold at Rs 106.03 per liter and diesel at Rs 92.76 per litre.

  • Petrol-Diesel Price: Crude oil prices softened, prices reduced in many cities, what is today’s rate in your city?

    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 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. These events occur between different countries and producers and impact prices.