Petrol Diesel Price Today Crude oil fell in early trade on Thursday. But later it showed signs of strength. After the US Fed rate hike, further strengthening of crude oil prices is being speculated.
Petrol and diesel prices remain stable in metro cities on March 23. The latest rate list released by oil marketing companies shows that petrol and diesel cost Rs 96.72 and Rs 89.62 per liter respectively in Delhi. Petrol is being sold at Rs 106.31 per liter and diesel at Rs 94.27 per liter in Mumbai.
Petrol and diesel cost Rs 102.63 and Rs 94.24 in Chennai and Rs 106.03 and Rs 92.76 in Kolkata, respectively. If you are going to fill the car tank today, then check the price of petrol and diesel in your city, because the rate of petrol and diesel has changed in some small cities.
Crude oil price
Brent futures, which are up more than 3% this week. On Wednesday it was at $ 74.84 per barrel. US West Texas Intermediate (WTI) crude futures were trading down 47 cents, or 0.7%, at $69.20.
What is the price of petrol and diesel today
Petrol: Rs 96.72 per liter
Diesel: Rs 89.62 per liter
Chennai
Petrol: Rs 102.73 per liter
Diesel: Rs 94.33 per liter
Kolkata
Petrol: Rs 106.03 per liter
Diesel: Rs 92.76 per liter
Mumbai
Petrol: Rs 106.31 per liter
Diesel: Rs 94.27 per liter
Bangalore
Petrol: Rs 101.94 per liter
Diesel: Rs 87.89 per liter
Lucknow
Petrol: Rs 96.57 per liter
Diesel: Rs 89.76 per liter
Bhopal
Petrol: Rs 108.65 per liter
Diesel: Rs 93.90 per liter
Hyderabad
Petrol: Rs 109.66 per liter
Diesel: Rs 97.82 per liter
When will the petrol and diesel prices decrease
Petrol and diesel prices , which have remained unchanged for the past one year, have not eased even after a sharp fall in global crude oil prices in the last few days. Crude oil prices have declined sharply in the last few days due to panic over the escalating banking crisis in the US. This trend is slowly spreading in Europe. Global crude oil prices have fallen by more than $16 per barrel within just fifteen days.
Economists are of the view that there is currently a lot of volatility and OMCs are not sure whether the downtrend will continue or not. At present, Indian oil companies are using low prices to compensate for the losses in 2022 and hence there is no possibility of reducing the prices of petrol and diesel soon.
