Check revised rates of Crude oil, petrol-diesel
18 April 2023: The new fiscal year 2024 has commenced from April 1. Along with this, several changes have been seen in the price of fuel rates including LPG cylinders. Despite the unchanged price of petrol-diesel rates, today, 18 April 2023 i.e. on Monday, the crude oil rates have dipped in the global market.
The price of Brent crude has increased to almost $84.
Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per litre
Kolkata: Petrol rate today: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litre
Mumbai: Petrol rate: Rs 106.15 per litre, Diesel rate: Rs 92.67 per litre
Delhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per litre
Bangalore: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litre
Lucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per litre
Noida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per litre
Gurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per litre
Chandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per litre
Also Read: Blinkit permanently Closes Some Dark Stores Amid delivery workers’ Protests
Crude Oil in Global Market
Despite unchanged oil prices in the country, crude oil has seen several fluctuations in the global market as well. A slight softening is being seen in the price of crude oil in the international market. After the decline, WTI crude has reached nearly $79 per barrel and Brent crude is near $84 per barrel.
Any changes in petrol and diesel costs are implemented from 6 am every day. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates.
Since the central government reduced excise duty, some states have reduced VAT prices on fuels.
Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.
The Maulana Azad National Urdu University (MANUU) in Hyderabad has also cancelled its MoU with…
MCA confirmed the Chief Minister’s presence in an official statement. The statement also named Rohit…
World-renowned Ukrainian filmmaker Sergei Loznitsa has returned to the Cannes Film Festival with a political…
President Droupadi Murmu has approached the top court for clarity. President Murmu invoked Article 143…
The announcement led surge in the stock market. The Sensex gained 1,200.18 points, or 1.48…
India marked a significant cultural milestone at the 78th Cannes Film Festival with the inauguration…