Image Credit source: PTI
Petrol rate today: Oil marketing companies have released the price of petrol and diesel for today. There is a decline in crude oil in the international market and it has slipped to the level of $ 113.
Fears of recession and Corona related restrictions in China reduced the demand for crude oil, due to which crude oil closed at the level of $ 113.61 per barrel in the international market last week. On a weekly basis, crude oil has fallen by about 8 percent. However, there was no effect on the price of petrol and diesel in our country. Today, for the 30th consecutive day, petrol-diesel (Petrol Diesel Price) remained stable. Let us tell you that the last change in oil prices across the country was on 22 May, when the Central Government on 21 May increased the excise duty levied on petrol and diesel.Excise Duty) had announced a cut. There has been no change in the price of petrol and diesel since May 22.
Today in the national capital Delhi, the price of petrol is Rs 96.72 and the price of diesel is Rs 89.62 per liter. In Mumbai, the cost of a liter of petrol is Rs 111.35 and that of diesel is Rs 97.28. On the other hand, in Chennai, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per liter. At the same time, the price of petrol in Kolkata is Rs 106.03 and the price of diesel is Rs 92.76 per liter.
The pressure on the price of crude oil has increased
Regarding the movement of crude oil prices in the international market, Kedia Commodity (Kedia Commodity) director Ajay Kedia said that OPEC countries have talked about increasing production in July and August, but so far there is no major development in this direction. There is a decline in demand from China, due to which the price of crude oil will fall. This week, Brent crude may slip to $ 106, which had crossed $ 120.
Private retailers are reducing sales by reducing prices
Here amid the news of fuel crisis, the Petroleum Ministry has implemented Universal Service Obligation across the country. Under this rule, people who have a license to operate a petrol pump can no longer intentionally shut down their petrol pumps. However, private oil marketing companies like Reliance and Naira are selling petrol and diesel at a higher price to avoid this problem. Petrol and diesel are being sold expensive by Rs 3-5 per liter at private outlets. This is helping to decongest the crowd, but the burden on the government oil marketing companies is increasing.
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