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Thursday, August 24, 2023

Petrol Diesel Price Today: American oil has come down below $ 80, now petrol and diesel will be cheaper?

Crude oil prices have seen a decline of 2 to 3.50 percent in about a week. It may decline further in the coming days due to lack of demand and rise in US gasoline stock. In such a situation, it is expected that the Government of India can reduce the fuel prices soon.

Crude oil prices continue to fall in the international market. After which the expectations of the common people of the country are continuously increasing that the prices of petrol and diesel will come down in the coming days. In fact, US crude oil prices have come down below $80. Brent crude oil prices are seeing a drop of one per cent and have come down below $83 per barrel. In about a week, there is a decline of 2 percent to 3.50 percent in both.

In fact, due to the increase in US gasoline stock, the prices of crude oil are falling and the demand towards the world's largest importer China is low. In such a situation, the benefit of production cut from Russia and Gulf countries is not being seen at all. It is expected that both OPEC and Russia, the organization of producing countries, can together announce more production cuts. So that oil prices can be increased.

Fall in the price of crude oil

According to the data received from Bloomberg, there is a decline in the prices of Brent crude oil coming from Gulf countries. According to the data, Brent crude oil has come down to $ 82.86 per barrel. Whereas on August 18, 2023, about a week ago, the prices of Brent crude oil were $ 84.80 per barrel. This means that the Brent crude oil price has declined by 2.25 percent during this period. Talking about the price of WTI, it has come down below $80 per barrel. According to the data, the price of American oil has come down to $78.52 per barrel. On July 18, the price of WTI was $ 81.25 per barrel. This means that it has also seen a decline of 3.33 per cent in about a week.

Petrol and diesel price in india

On the other hand, no change has been seen in the price of petrol and diesel in India. The last change in the price of petrol and diesel in the metros of the country was seen on May 21. At that time, the country's Finance Minister Nirmala Sitharaman had reduced the tax on the price of petrol and diesel. After that some states tried to influence the prices by reducing or increasing VAT. The interesting thing is that ever since the daily change in the price of petrol and diesel started in the country according to the international market, this is the first time since then that petroleum companies have not made any changes during the record timeline.

Petrol and diesel price in major cities of the country

New Delhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per liter

Kolkata: Petrol rate: Rs 106.03 per litre, Diesel rate: Rs 92.76 per liter

Mumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per liter

Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per liter

Bengaluru: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per liter

Chandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per liter

Gurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per liter

Lucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per liter

Noida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per liter

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