Crude oil prices are largely under control following the re-implementation of the ceasefire between Israel and Lebanon and progress on the US-Iran peace deal. Crude oil prices in the international market have returned to the level before the tensions in the Middle East and remain between $76 and $80 per barrel. As a result, the first thing people pay attention to when they reach a petrol pump is the rate chart. With the decline in crude oil prices, the question in everyone’s mind is when will petrol and diesel become cheaper in India? Crude oil is traded on a futures basis – meaning current rates are applied to deliveries scheduled for July and August – so it will take some time for these lower costs to be reflected in retail prices of petrol and diesel. The final decision lies with the government and oil companies. However, government oil companies have announced new rates of petrol and diesel for today, Saturday, June 20.
Although there has been no major change in the prices of petrol and diesel today, there has been a slight change of a few paise in the rates in different cities. Whether you drive a bike, car, tractor or truck, it is advisable to check the prevailing rates in different cities before filling the tank.
What are the current prices of petrol and diesel?
According to the rates announced by oil companies, the price of petrol in the national capital Delhi today is ₹102.12 per liter. At the same time, petrol is being sold at ₹ 113.51 per liter in Kolkata, ₹ 111.21 per liter in Mumbai and ₹ 107.77 per liter in Chennai. Market experts say that international crude oil prices have come down; However, since prices have reached $100 per barrel or more, state-owned oil companies are losing crores of rupees every day on petrol, diesel, LPG and aviation turbine fuel (jet fuel). At present this figure has reduced slightly to ₹650 crore per day.
Talking about diesel, its price was recorded at ₹ 95.20 per liter in Delhi on Saturday. Moreover, consumers are paying ₹99.82 per liter in Kolkata, ₹97.83 in Mumbai and ₹99.55 per liter in Chennai. After a surge in global crude oil prices due to the war, the US-Iran peace deal has brought down prices, raising hopes of further reductions.
What are the petrol prices in major cities?
Petrol is being sold at ₹102.12 per liter in Delhi.
Petrol is available at ₹ 111.21 per liter in Mumbai.
Petrol price in Kolkata is ₹113.51 per liter.
Petrol is being sold at ₹107.77 per liter in Chennai.
What are the diesel prices in major cities?
Diesel is being sold at ₹95.20 per liter in Delhi.
Diesel is available at ₹97.83 per liter in Mumbai.
Diesel price in Kolkata is ₹99.82 per liter.
Diesel is being sold at ₹99.55 per liter in Chennai.
