Though crude oil prices increased in international prices, petrol and diesel prices on Diwali, November 12, remained largely unchanged in major cities, including Delhi, Mumbai, Chennai, and Kolkata. However, the fuel rates fell in a few cities.
According to oil marketing companies (OMCs), in Uttar Pradesh’s Gautam Budh Nagar district (Noida-Greater Noida), the price of petrol fell by 21 paise to Rs 96.79 a litre this morning, while diesel is being sold 18 paise cheaper at Rs 90.14 a litre. In Chandigarh, the petrol and diesel prices remained the same at Rs 96.20 and Rs 84.26 a litre, respectively.
In Lucknow, petrol prices stood at Rs 96.57 a litre and diesel at Rs 89.57. In Gurugram, the price of petrol was at Rs 97.18 a litre and that of diesel at Rs 90.05. In Bhubaneswar, the petrol price stood at Rs 103.19 per litre and diesel was at Rs 94.76 a litre.
Currently, petrol in Delhi is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre. Whereas in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.
In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine petrol and diesel prices. This is done on a daily basis, and rates are determined in accordance with the price of crude oil throughout the world.
Crude Oil Prices
Oil prices gained about 2 per cent on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty. Still, prices settled with weekly losses of 4 per cent, their third straight weekly decline.
In the US, energy firms cut the number of oil rigs operating for a second week in a row to the lowest since January 2022, energy services firm Baker Hughes said. The rig count points to future output. Brent futures rose $1.42, or 1.8 per cent, to settle at $81.43 a barrel, while US West Texas Intermediate (WTI) crude rose $1.43, or 1.9 per cent, to settle at $77.17.
Brent and WTI notched their third straight weekly losses for the first time since May, although both benchmarks exited technically oversold territory.
Why do fuel prices vary across states?
How to Check Petrol, and Diesel Prices City-Wise?
You can also know the daily rate of petrol and diesel through SMS. Indian Oil customers can get information by sending RSP and their city code to 9224992249 and BPCL customers can get information by sending an SMS to 9223112222 by typing RSP and their city code. Whereas, HPCL consumers can know the price by sending HPPrice and their city code to 9222201122.
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