If you are thinking of filling petrol or diesel in your car today, then first check today’s prices in your city. Government oil companies have released new prices of petrol and diesel for June 27. There is no change in the prices of petrol and diesel across the country today; Prices have remained stable for the last one month. The prices were last increased on May 25, when petrol became costlier by ₹2.61 per liter and diesel by ₹2.71 per litre. Let us see at what price petrol and diesel are available today.
Petrol and diesel prices in your city today (27th June):
Petrol in Delhi is ₹102.12 per liter and diesel is ₹95.20 per liter.
Petrol in Mumbai is ₹111.21 per liter and diesel is ₹97.83 per liter.
Petrol in Chennai is ₹107.77 per liter and diesel is ₹99.55 per liter.
In Kolkata, petrol is being sold at ₹113.51 per liter and diesel at ₹99.82 per liter.
In Noida, petrol is being sold at ₹102.12 per liter and diesel at ₹97.56 per liter.
In Lucknow, petrol is being sold at ₹101.89 per liter and diesel at ₹95.36 per liter.
In Chandigarh, petrol is being sold at ₹101.51 per liter and diesel at ₹89.47 per liter.
In Patna, petrol is being sold at ₹113.37 per liter and diesel at ₹99.36 per liter.
Crude oil prices fell by more than 10%; Brent crude reached $72 level
Meanwhile, a huge fall in the prices of crude oil has been seen in the international market. Concerns about supply have reduced after tensions in West Asia reduced and a 60-day ceasefire was agreed upon. As a result, the price of Brent crude fell by about 3.84% to close at $72.60 per barrel, while the price of WTI crude fell by 3.74% to close at $69.23 per barrel. During the week, Brent declined by approximately 10.86% and WTI declined by approximately 9.62% to close at $7.62 per barrel.
Crude oil has become cheap; Still, why are the prices of petrol and diesel not decreasing?
Despite the fall in crude oil prices, there has been no reduction in the prices of petrol and diesel yet. This is because oil companies in India do not set prices based on daily fluctuations in the cost of crude oil; Instead, decisions are usually made based on the average price over the last 15 days or a month. If crude oil prices remain low for a long time, customers may get some relief soon. Experts say that government oil companies are currently earning good profits on petrol, while they are still incurring some losses on diesel. As a result, companies have refrained from reducing the prices of petrol and diesel for now.
India imports more than 88% of its crude oil requirement. Fall in oil prices reduces the country’s import bill and also reduces inflationary pressure. Sectors like transport, manufacturing, aviation, chemical, paint, logistics and FMCG will benefit from this. Apart from this, the rupee is also expected to strengthen due to reduced demand for the dollar.
Will petrol and diesel prices come down soon?
After the huge fall in crude oil prices, people’s attention is now on the prices of petrol and diesel. If oil prices remain low in the international market for some time, then oil companies can provide relief to customers in the coming days. This will not only reduce the cost of fuel, but will also reduce the financial burden on the common man by keeping inflation under control.