Petrol-Diesel-Price Update: Crude oil declines up to $82,

Petrol-Diesel-Price Update: Crude oil declines up to $82, petrol-diesel can be up to Rs 14 cheaper.

  When the companies reduced the prices of oil and diesel and in the past, the prices of oil were changed in Delhi and Chennai because the price of crude oil (Brent) has been at a low level in the international market since January. It has now come down to $81. If American crude is close to $ 74 per barrel, then due to this change in prices, the price of petrol and diesel in the country is expected to decrease by Rs 14.

  Price scenario.

  For some time, there was a constant stability in the prices of oil, which the government was announcing to reduce. Petrol and diesel prices have come down after a long time. In this way, Indian refiners have reduced the price of crude oil by $ 31 (27%) for refining companies in 8 months due to a big drop in the price.

  Petrol and diesel rates in states.

  In the past, one liter of petrol is available in Delhi at Rs 96.72 per liter while diesel is available at Rs 89.62 per litre. Petrol in Chennai also costs Rs 102.63 per liter while diesel costs Rs 94.24 per litre, on the other hand in Mumbai the petrol costs Rs 106.31 and diesel costs Rs 94.27 per litre. Talking about Kolkata, the price of petrol is Rs 106.03 while the rate of diesel is Rs 92.76 per litre.

  SMC Global says that when crude oil falls by $ 1, oil companies in the country get a saving of 45 paise per liter on refining.

  Petrol-Diesel price Rs. per liter, but some also say that the complete reduction does not happen at once.

  Due to these 3 reasons, the price of petrol diesel decreases.

  1. Oil marketing companies save about Rs 245 per barrel (159 litres) on refining because at present, according to the country's petrol and diesel prices, the Indian basket of crude oil should be around $85 per barrel, but it is $82. came around.

2. Petroleum Minister Hardeep Singh says that now government petrol companies are getting a lot of profit on the sale of petrol.  But they are still incurring losses on the sale of diesel at ₹ 4 per litre, so to speak, the loss to the oil companies is coming to an end and Brent crude has become cheaper by about 10%.  With this diesel companies are making profits.

 3. Petroleum expert believes that Brent will get relief from crude oil rising rapidly towards $ 70, but it will take some time because the cycle from oil import to refining takes 30 days, due to which the international market will increase.  The effect of price reduction is visible after one month.

 Time to change prices.

 The prices of crude oil, petrol and diesel keep on changing every day with the foreign exchange rates in the international market and these changes

 It's 6 in the morning and the new rates are implemented.  After adding excise duty and other taxes to the price of petrol and diesel, its price almost doubles.