The month of September has started with relief and some worries. While state-run oil marketing companies (OMCs) have increased the prices of domestic liquefied petroleum gas (LPG) cylinders by Rs 25, petrol and diesel have given some relief. According to the new price list released by OMC on September 1, there has been a relief of about 15 paise. After the new price revision, in Delhi petrol Selling at Rs 101.34 per liter diesel 88.77 per liter.
fuel prices A similar trend was seen in Mumbai as well. The price of petrol was reduced by 13 paise and is currently at Rs 107.39 per litre. The country’s financial hub, on May 29, became the first of the four major metros where petrol was sold for more than Rs 100 a litre. Similarly, the price of diesel also saw a drop of 15 paise and was sold at Rs 96.33 per liter in the Maharashtra capital on Wednesday.
Petrol and diesel prices in Kolkata were reduced by 10 and 14 paise, respectively. The new price cut took the rate of Rs 101.72 for a liter of petrol and Rs 91.84 for diesel. In Chennai, prices of both the major fuels also saw price cuts, with petrol prices falling by 12 paise and diesel by 14 paise. It revised the prices of the two respective fuels to Rs 99.08 per liter and Rs 99.38 per liter in the southern metropolis.
Price cuts have fallen to their lowest level since May internationally after the US Federal Reserve indicated that it would begin to reduce asset purchases within months, easing commodities. Will hurt and push the dollar up.
Oil prices remained stable in international markets on Wednesday ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies. Major producers will decide whether to go ahead with their plans to add supplies as COVID-19 cases in Asia resurface and US-based refiners assess flood damages in the wake of Hurricane Ida.
Brent crude oil futures rose 5 cents to $71.70 a barrel after falling 42 cents on Tuesday. Similarly, US West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.1 per cent, at $68.57 a barrel by 0125 GMT, after six refineries in Louisiana closed after Hurricane Ida closed on hopes of a slump in oil demand. Was. A 1 percent drop on Tuesday, Reuters reported.
Both major fuel prices are reviewed by state-owned OMCs like Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOCL), they revise the prices daily and no Also the amendment is implemented at 6 am. In addition, fuel prices vary across the country due to Value Added Tax or VAT and other taxes.
Here are the petrol and diesel prices in all major cities of India:
-Delhi
Petrol – Rs 101.39 per liter
Diesel – Rs 88.77 per liter
Chennai
Petrol – Rs 99.20 per liter
Diesel – Rs 93.38 per liter
-Kolkata
Petrol – Rs 101.72 per liter
Diesel – Rs 91.84 per liter
-Bhopali
Petrol – Rs 109.58 per liter
Diesel – Rs 97.40 per liter
-Hyderabad
Petrol – Rs 105.40 per liter
Diesel – Rs 96.84 per liter
-Bangalore
Petrol – Rs 104.84 per liter
Diesel – Rs 94.19 per liter
-Lucknow
Petrol – Rs 98.29 per liter
Diesel – Rs 89.02 per liter
-Gandhinagar
Petrol – Rs 98.39 per liter
Diesel – 95.85 per liter
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