Crude oil crashed due to a decision by America! Have the prices of petrol and diesel changed in your city also? Check latest rates immediately
Petrol Diesel Price Today: A big and sudden decision taken by US President Donald Trump against Iran has completely changed the picture of the international oil market across the world. America has made a big announcement to cancel the possible military strike on Iran. The direct and immediate impact of this huge geopolitical relief received at the global level has been seen on the prices of crude oil. As soon as this decision came, the prices of crude oil in the global market have fallen by about one and a half percent. However, despite this huge fall in the international market, the country’s government oil marketing companies have not made any change in the retail prices of petrol and diesel today. This means that even today the common man will have to shell out the same amount of money to fill the tank of his vehicle as yesterday.
Crude oil becomes cheaper in the international market, know the latest price
There has been a continuous downward trend in the prices of crude oil since Friday morning. Brent Crude, considered the standard in the international market, has fallen by 1.49 percent i.e. $ 1.35 to the level of $ 89.03 per barrel. On the same lines, WTI crude is also trading at $ 86.30 per barrel with a sharp decline of 1.61 percent. Let us remind you that ever since the Iran war started, there has been a huge jump of almost 50 percent in the prices of crude oil, which now seems to be providing some relief.
Why did the prices not decrease even after crude oil became cheaper? Oil companies are facing huge losses
Now this question must be arising in your mind that when crude oil has become cheaper in the international market, then why have the prices of petrol and diesel not reduced in our country? Actually, there is a huge economic mathematics behind this. And the old damage is working. Due to the continuous increase in international crude oil prices for a long time, the margins of government oil companies have been deeply and adversely affected. According to a recent estimate, Indian oil companies are facing huge losses of about Rs 750 crore every day on the current sales of petrol, diesel, LPG and aviation turbine fuel i.e. jet fuel. Major market experts believe that until the previous heavy losses of oil companies are reduced, there is very little scope for common consumers to get cheap oil directly at petrol pumps.
Before leaving home, quickly check the rates in your city.
According to the decision of government oil companies, the old prices of petrol and diesel will remain applicable across the country even today. In the country’s capital Delhi on Friday, petrol is being sold at Rs 102.12 per liter while diesel is being sold at the old price of Rs 95.20 per liter. At the same time, in the country’s financial capital Mumbai, the price of petrol remains stable at Rs 111.21 and diesel at Rs 97.83 per liter.
city
Petrol Price (Rs/Litre)
Diesel Price (Rs/Litre)
Delhi
102.12
95.20
Kolkata
113.51
99.82
Mumbai
111.21
97.83
Chennai
107.77
99.55
Noida
102.12
97.56
Chandigarh
101.51
89.47
Lucknow
101.89
95.36
Patna
113.37
99.36
Ranchi
105.26
100.49
Bhopal
114.57
99.64
Find out the latest rates of your city sitting at home without internet by just sending an SMS.
If you want to know the exact rate in your city even before going to the petrol pump, you can do so only through an SMS. If you use Indian Oil (IOC) oil, type RSP in the message box of your mobile, give space, write your city code and send it to 9224992249. At the same time, customers of Bharat Petroleum (BPCL) can call from their phones on number 9223112222, while Hindustan Petroleum (HPCL) consumers can send their message to number 9222201122 by typing HPPRICE and their city code. The code of your city can be easily found on the official website of oil companies.
