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International prices of crude oil melting, the rate of petrol and diesel in India has not increased for 24 days. Photo: Reuters
New Delhi: A day after Diwali, state-run oil marketing companies reduced the price of gasoline by 21 pesetas per liter and that of diesel from 18. The international price of crude oil melting, the price of motor fuels
The oil marketing companies take into account the 15-day average crude oil prices and the rupee valuation to calculate the price Daily gasoline and diesel in India At present, the price of gasoline in Delhi was 78.21 rupees per liter, from 83.72 rupees to Mumbai, from 78 , 84 rupees to Bengaluru, 81.24 rupees to Chennai and 80.13 rupees to Kolkata. , Rs 76.38 to Mumbai, Rs 73.28 to Bangalore, Rs 77.05 to Chennai and Rs 7 to 4.75 to Kolkata
The trend of fuel prices was on the rise until October 4, when the prices of l & # 39; Gasoline reached a record of Rs. 84 per liter in Delhi and Rs. 91.34 in Mumbai, while diesel was Rs. 75.45 in Delhi and Rs. 80 in Mumbai. Prices then declined as a result of central government intervention and falling crude oil prices. Not only has the central government reduced excise duties on fuel, but several state governments have also reduced sales tax or VAT. In addition, petroleum marketing companies also suffer a loss of 1 liter per liter on the order of the Ministry of Finance.
Read also: The cheapest and most expensive places to buy gasoline and diesel in India
Thursday, China announced record imports of crude, resulting in a rise in oil prices. Brent crude futures traded at $ 72.27 per barrel, up 21 cents or 0.3% from their last close. West Texas Intermediate (WTI) futures were $ 61.95 per barrel, up 28 cents or 0.4% from their previous settlement.
Oil prices dropped about $ 15 in less than a month after peaking in early October. their highest level in two and a half years, with a barrel of Brent above $ 85.
Brent has lost more than 16% in value since early October, while WTI has declined by more than 18% since then.
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