July 30, 2021

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Petrol Diesel Price: Crude oil becomes expensive again but there is no change in prices here even on the fourth day

Petrol Diesel Price: Crude oil becomes expensive again but there is no change in prices here even on the fourth day

Highlights

  • There is no increase in the price of petrol and diesel for the fourth consecutive day today.
  • There was a tremendous increase of 30 paise per liter in the price of petrol four days ago
  • The price of diesel was increased by 15 paise per liter on the same day
  • The price of crude oil in the international market at this time again rising trend

New Delhi
The American Petroleum Institute’s Crude Oil Inventory data came yesterday. During the week ended July 16, there was a draw of 4.079 barrels of crude oil. Therefore, it is believed that this week there will be so much purchase to fill the stock. Due to this, the crude oil market climbed 1.51 percent on Tuesday afternoon. A day before this, the crude oil market had fallen by about 7 per cent. However, in the domestic market these days petrol-diesel (Petrol Diesel Price) the price is not changing. The prices of both the fuels are stable for the last four days. Prior to that, the price of both petrol and diesel had gone up. Petrol remained at Rs 101.84 per liter and diesel at Rs 89.87 per liter at the Indian Oil (IOC) pump in Delhi market on Wednesday.

Petrol has become costlier by Rs 11.52 in 42 days
It has been seen that when there is an important election, the prices of petrol and diesel do not increase. Due to the process of assembly elections in many states, there was no increase in petrol prices in March and April. Therefore, there was no increase in the price of petrol and diesel even after crude oil became expensive during that time. But, since May 4, its prices have increased a lot. Petrol has become costlier by Rs 11.52 per liter in 42 days, sometimes continuously or by stopping.

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Diesel has become cheaper one day after almost three months
The Election Commission had issued a notification on February 26 for the assembly elections in five states. After this, state-owned oil companies increased the price of diesel by 17 paise per liter on 27 February 2021. Then there was no increase in its price for more than two months. However, on April 15, there was a marginal reduction of 14 paise in the price of diesel. After the election, it started increasing intermittently from May 4 onwards. It is generally seen that the day the price of petrol increases, the price of diesel also increases on the same day. But on Friday, July 2, 2021, only petrol prices were increased. Diesel prices did not increase. On Monday, July 5, only petrol prices increased while diesel remained stable. On Monday, July 12, despite the increase in the price of petrol, the price of diesel decreased. After that on July 15, its price increased, then on July 17, only the price of petrol increased.

Let’s know what is the price of petrol and diesel in your city today

name of the city Petrol Rs/Litre Diesel Rs/Litre
Delhi 101.84 89.87
Mumbai 107.83 97.45
Chennai 101.49 94.39
Kolkata 102.08 93.02
Bhopal 110.20 98.67
Ranchi 96.68 94.84
Bangalore 105.25 95.26
Patna 104.25 95.57
Chandigarh 97.93 89.50
Lucknow 98.92 90.26

(Source- IOC SMS)

Crude oil market rises again
The American Petroleum Institute’s (API) crude oil inventory figures came yesterday. During the week ended July 16, there was a draw of 4.079 barrels of crude oil. Therefore, it is believed that this week there will be so much purchase to fill the stock. Due to this, the crude oil market climbed 1.51 percent on Tuesday afternoon. A day before this, the crude oil market had fallen by about 7 per cent. At the close of trading there yesterday, Brent Crude closed at $ 69.35 per barrel. Similarly, US West Texas Intermediate or WTI Crude also climbed a dollar and settled at $ 67.42 per barrel. This is 1.51 percent more than the day before.

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Know today’s prices in your city
Petrol-Diesel prices change daily and get updated at 6 am. You can also know the daily rate of petrol and diesel through SMS (How to check diesel petrol price daily). Indian Oil customers can get information by writing the code of RSP Space Petrol Pump on number 9224992249 and BPCL customers by writing RSP to number 9223112222. At the same time, customers of HPCL can know the price by writing HPPrice and sending it to the number 9222201122.

 

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