Petrol-Diesel rate, 12 July 2023: Everyday Indian oil companies released fresh rate of petrol and diesel following the global cues. Indian oi companies has released fuel price on Wednesday following global clues. It is expected that there can be exponentially reduction in the petrol and price amid the inflation. Indian Oil marketing companies registered a big profit in the third quarter of April-June.
It is noted that the rate is not released on Saturday and Sunday. The Indian oil has kept the fuel price steady for the last one year. The rate of crude oil has fallen in the market.
This will give immense satisfaction to the public who every day spend much on fuel. It is noted that in India every day, companies have released fresh rate of oil except Saturday and Sunday. It has been over a year that the companies have kept the price steady.
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 Wednesday, 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 12, 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 12, 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
The price of petrol-diesel is based and influenced by the price of crude oil in the international 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.
Know rates in your city
It is noted that the rates of petrol and diesel are revised on daily basis and it is updated at 6 am. If you want to know the rates of petrol-diesel in your city, then you just have to SMS. Indian Oil customers can get information by sending city code along with RSP to 9224992249 number and BPCL customers by writing RSP to number 9223112222. At the same time, HPCL consumers can find out the price by sending HP Price to the number 9222201122.
