Petrol-Diesel rate, 20 July 2023: The Indian oil Companies on Thursday released the fresh rate of diesel and petrol. In an attempt to provide the relief to the public the companies kept price steady and unchanged. The price of petrol and diesel has not been changed for the last one year. The rate of petrol and diesel in India is influenced by the rate of crude oil in the international market. (Petrol-Diesel rate, 20 July 2023)
It is noted that the rate is not released on Saturday and Sunday as the Indian oil companies remain closed on these days. The India has imported crude oil from Russia at the low price which help in maintaining the fuel price steady.
This move has brought big relief for the people who everyday spend much on fuel in commuting.
People get relief in inflation period where price of every commodity is increasing, price of petrol and diesel remain stable. Public sector oil marketing companies (OMCs) such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) released their pricing on a daily basis in accordance following global benchmark prices.
The price of crude oil on the worldwide market has decreased. WTI crude has dropped to $78 per barrel, while Brent crude is now at $85 per barrel.
On Thursday, the price of petrol is Rs 106.31 per litre in Mumbai, Rs 106.03 in Kolkata, Rs 96.72 in New Delhi, and Rs 102.63 in Chennai. It is again a relief for the common people.
International market impact
In the international market, the price of crude oil has been continuously declining for the last several days. The price of WTI crude has come down near $ 85.61 per barrel and Brent crude near $ 91.63 per barrel.
Earlier on May 21, the government had cut excise duty. Excise duty on petrol was cut by Rs 8 per liter and diesel by Rs 6 per liter. Since then the price of petrol and diesel has come down. After this, diesel became cheaper by Rs 9.50 and Rs 7 per liter in the country. After the announcement of the Center, the governments of Rajasthan, Maharashtra, Odisha and Kerala also cut VAT.
At present, petrol in Delhi is priced at Rs 96.72 per liter and diesel is being sold at Rs 89.62 per litre. At the same time, petrol is getting Rs 106.31 and diesel Rs 94.27 per liter in Mumbai. Whereas petrol in Kolkata is Rs 106.03 and diesel Rs 92.76 per liter. On the other hand, petrol is selling at Rs 102.63 and diesel at Rs 94.24 per liter in Chennai.
Get cheapest Petrol, diesel price on July 20, 2023
The cheapest petrol and diesel is being sold in Port Blair. Where petrol costs Rs 84.10 per liter and diesel costs Rs 79.74 per liter.
Petrol, diesel price on July 20, 2023
Delhi: Petrol Rs 96.72 and Diesel Rs 89.62 per liter.
Mumbai: Petrol Rs 106.31 and Diesel Rs 94.27 per liter.
Kolkata: Petrol Rs 106.03 and Diesel Rs 92.76 per liter.
Chennai: Petrol Rs 102.63 and Diesel Rs 94.24 per liter.
Hyderabad: Petrol Rs 109.66 and Diesel Rs 97.82 per liter.
Bangalore: Petrol Rs 101.94 and diesel Rs 87.89 per litre.
Thiruvananthapuram: Petrol Rs 107.71 and Diesel Rs 96.52 per liter.
Port Blair: Petrol Rs 84.10 and Diesel Rs 79.74 per liter.
Bhubaneswar: Petrol Rs 103.19 and Diesel Rs 94.76 per liter.
Chandigarh: Petrol Rs 96.20 and Diesel Rs 84.26 per liter.
Lucknow: Petrol Rs 96.57 and Diesel Rs 89.76 per liter.
Noida: Petrol Rs 96.57 and Diesel Rs 89.96 per liter.
Jaipur: Petrol Rs 108.48 and Diesel Rs 93.72 per liter.
Patna: Petrol Rs 107.24 and Diesel Rs 94.04 per liter
Gurugram: Rs 97.18 and diesel Rs 90.05 per litre.
Reasons which affect Petrol and diesel price
Petrol-diesel price is based on the rate of crude oil in the global market along with the foreign exchange rates. The price of petrol-diesel becomes double after adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.
