September 23, 2021

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Petrol Diesel Price: Crude oil is rising continuously, here the price does not change even for the sixth day

Petrol Diesel Price: Crude oil is rising continuously, here the price does not change even for the sixth day

Highlights

  • No change in the price of petrol and diesel for the sixth consecutive day today
  • There was a tremendous increase of 30 paise per liter in the price of petrol six days ago
  • Diesel price was increased by 15 paise per liter on the same day
  • In the international market yesterday, the price of crude oil has again increased by more than two percent.

New Delhi
Petrol-Diesel prices have been stable in the domestic market for the last six days. Whereas, the international crude oil market is seeing a boom these days. On Thursday also, the crude oil market has gained 2.16 percent. A day before this too, the crude oil market had gained more than three per cent. However, these days there is no change in the price of petrol and diesel in the domestic market. The prices of both the fuels remained stable for the last six days.Petrol Diesel Price stable). Prior to that, the price of both petrol and diesel had increased. 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 Friday.

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 the prices of petrol 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 became cheaper one day after about 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 for the third consecutive day
Crude Oil Inventory Data of the American Petroleum Institute gave a sharp boost to the crude oil market. During the week ended July 16, there were 439.7 million barrels of crude oil reserves. This is seven per cent less than the average of the last five years this season. Obviously there is brisk buying going on out there to fill it. Due to this, the crude oil market climbed 2.16 percent on Thursday as well. A day before this too, the crude oil market had gained three per cent. At the close of trading there yesterday, Brent Crude closed at $ 73.79 per barrel. This is $1.56 more than the day before. Similarly, US West Texas Intermediate or WTI Crude also climbed $ 1.44 to settle at $ 71.70 per barrel.

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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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