American oil became expensive by 13 percent in 9 months, what is the price of petrol in your city? - Newztezz Online

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Monday, October 2, 2023

American oil became expensive by 13 percent in 9 months, what is the price of petrol in your city?


According to Bloomberg report, the price of WTI has come down to $ 91.05 per barrel. Whereas in the current year, a jump of 13.18 percent has been seen in the price of WTI. At the beginning of the year, American oil prices were around $80 per barrel.

There has been a significant increase in the price of crude oil in the current calendar year. Especially the price of American crude oil has seen an increase of more than 13 percent. At the same time, the price of crude oil in Gulf countries has increased by about 13.5 percent. The price of Brent crude oil has remained above $90 per barrel since the month of September. At the same time, the price of American oil has also come down to $90 for a few weeks. In such a situation, problems have arisen for those countries which are dependent only on imports.

According to experts, the possibility of inflation rising again has increased due to the increase in crude oil in countries like India. At present the level of inflation in the country remains above 6 percent. Which can take it into a more dangerous situation. On the other hand, there has been no change in the prices of petrol and diesel in the country since May 2022. According to experts, there is no possibility of any change in the prices of petrol and diesel in the coming days.

Although in the last days of August, there were indications of reduction in the prices of petrol and diesel by reducing the price of gas cylinder by Rs 200, but the price of crude oil has failed the entire planning at present. Let us also tell you what the price of crude oil has become at present and how much will you have to pay for petrol and diesel.

Crude oil prices in international market

The prices of crude oil in the international market have become much higher than in the last few months. Both American oil and oil of Gulf countries are above 90 dollars. According to Bloomberg report, the price of WTI has come down to $ 91.05 per barrel. Whereas in the current year, a jump of 13.18 percent has been seen in the price of WTI. At the beginning of the year, American oil prices were around $80 per barrel. On the other hand, the price of crude oil i.e. Brent crude oil coming from Gulf countries has also increased significantly. According to the data, at present the price of Brent crude oil has come to $ 92.40 per barrel. In the last 9 months, the price of Brent crude oil has increased by about 13 percent.

Petrol and diesel price in India

On the other hand, there has been no change in the prices of petrol and diesel in India. The last change in the prices of petrol and diesel in the metropolitan cities 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 prices by reducing or increasing VAT. The interesting thing is that ever since the prices of petrol and diesel started changing daily in the country as per the international market, this is the first time that petroleum companies have not made any changes during the record timeline.

Price of petrol and diesel in major cities of the country

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

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

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

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

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

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

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

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

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

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