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Petrol-diesel price released after big decision of oil producing countries, know what is the new rate in your city today

The oil producing countries have announced to increase the production of crude oil from May to July. Due to this, there may be some decline in the price of crude. Meanwhile, petrol-diesel prices remained steady on Friday as well.

Petrol and diesel have become cheaper in this week only on Tuesday.

In view of the current state of the corona virus epidemic, the oil producing countries have finally decided to increase production now. OPEC and its subsidiaries said on Thursday that between May and July, they will increase production capacity by 2 million barrels per day. He has taken this decision keeping in mind the growing case of Kovid-19 infection and the global economy. Increasing production will see some moderation in the price of crude oil. Meanwhile, on Friday, the domestic oil companies have kept the retail price of petrol and diesel for the third consecutive day. There was no change in prices on Wednesday and Thursday as well. In this week, only on Tuesday, oil companies reduced the price of petrol by 22 paise per liter and diesel by 23 paise per liter.

OPEC + countries to increase production when and how much

OPEC countries had cut oil production drastically last year. Now these countries are taking full precaution before increasing production. Last year, there was a huge reduction in demand for fuel after the global lockdown and shutdown of all types of businesses. The oil producing countries had suffered a big loss. Now OPEC countries said that in May and June they will increase production by 3.5 lakh barrels per day. After this, production will be increased to 4 lakh barrels per day in July. Apart from this, Saudi Arabia will also increase its level of production to 10 million barrels per day.

Petrol prices in major cities

  • Delhi (Delhi Petrol Price Today): Rs 90.56 per liter
  • Mumbai (Mumbai Petrol Price Today): Rs 96.98 per liter
  • Kolkata (Kolkata Petrol Price Today): Rs 90.77 per liter
  • Chennai Petrol Price Today: Rs 92.58 per liter
  • Noida Petrol Price Today: Rs 88.91 per liter

Diesel prices in major cities

  • Delhi (Delhi Diesel Price Today): Rs 80.87 per liter
  • Mumbai (Mumbai Diesel Price Today): Rs 87.96 per liter
  • Kolkata (Kolkata Diesel Price Today): Rs 83.75 per liter
  • Chennai Diesel Price Today: Rs 85.88 per liter
  • Noida (Diesel Price Today): Rs 81.33 per liter

How companies fix oil prices

Explain that the prices of petrol and diesel in different states vary due to the VAT levied on them by the states. State-owned oil companies – Bharat Petroleum, Indian Oil Corporation and Hindustan Petroleum decide the fuel prices in the domestic market keeping in mind the global benchmark and the rupee against the dollar.

How to know petrol-diesel price in your city

You can also know the price of petrol and diesel in your city through SMS. For this, you have to make a message from your phone and you get the complete detail on your phone. Write RSP and your city code in your mobile and send it to number 9224992249. Petrol and diesel rates will come to your city immediately on your mobile. The code for each city is different, which you will find on the IOC website. If you want, you can also install the mobile app of IOC.

Also read: Which fuel is used in airplanes! Know how much plane flies in 1 liter?

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