Petrol, Diesel Price: Fresh Fuel Prices Announced for Petrol, Diesel; Check Rate

Posted by harsh sultayia on March 12th, 2022

Gasoline, current diesel prices: Prices of gasoline and diesel in several metro areas remain stable today. Gasoline prices in cities such as New Delhi, Kolkata, Mumbai, Chennai, and Bangalore will remain constant today. There has been no change in the price of domestic fuel for more than four months even though global crude oil prices violate the sign of three images and touch the highest multi-year. However, there is now speculation that fuel prices may rise by Rs 12 to Rs 15 per liter. It is possible that OMCs can increase prices immediately.

In Delhi, the cost of gasoline Rs 95.41 per liter while the diesel level is Rs 86.67 per liter. In Mumbai, gasoline can be purchased at Rs 109.98 per liter and the cost of Diesel Rs 94.14 for one liter.

Meanwhile, gasoline in Kolkata requires a fee of Rs 104.67 per liter while the cost of diesel rs 101.56 per liter. The price of gasoline in Chennai remains stable today at Rs 101.40 per liter, while diesel prices remain unchanged at Rs 91.43 per liter.

Prices in various cities are collectively revised last on November 4, 2021, when the central government cuts customs in two main fuels to reduce their retail rates from their highest record and have urged the state government. After that, various countries have reduced VAT on automatic fuel.

The price of gasoline and diesel in this country is different from the state to the state depending on local taxation (PPN) and shipping costs. Apart from this, the central government imposes customs for automatic fuels.

In general, oil tagging companies (OMCS) revise the level of gasoline and diesel every day, based on the average price of benchmark fuel in the international market in a four-day level and the previous foreign currency exchange rate.

Oil prices settled higher on Friday but posted the steepest weekly decline since November, because traders assessed the potential improvement in the supply prospects that had been disturbed by the Russian invasion to Ukraine.

Crude oil prices have soared since the invasion, where Moscow called \"special military operations.\" This week, futures benchmarks reached their highest level since 2008, then withdrawn sharply because some producer countries indicate that they can increase supply.

Brent Crude Futures rose $ 3.34, or 3.1 percent, on Friday, settled $ 112.67 a barrel, after reaching a low session of $ 107.13. Cheap cheap West West Texas (WTI) futures rose $ 3.31, or 3.1 percent, to complete $ 109.33 per barrel, from a low session of $ 104.48, Reuters reported.