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It has been seen for some time that the price of crude oil is fluctuating a lot. Globally, crude oil is currently trading at $ 71 per barrel. Amidst all this, oil companies have released the latest prices of petrol and diesel for today i.e. 21 September 2024. Know the prices of petrol and diesel in four metro cities of the country and the state.
What is the situation in the futures market?
Crude oil prices fell 0.54 per cent to Rs 5,931 per barrel in the futures market on Friday as traders reduced their deals due to weak current demand. Crude oil contract for October delivery on the Multi Commodity Exchange fell by Rs 32 or 0.54 per cent to Rs 5,931 per barrel. In which 13,944 lots were traded.
Globally, West Texas Intermediate crude oil was down 0.35 per cent at $71.70 per barrel, while Brent crude was down 0.56 per cent at $74.46 per barrel.
Petrol and diesel prices in four metros
On what basis is the price of petrol and diesel decided?
The price of petrol and diesel is decided on the basis of four main factors.
1) Crude oil price i.e. the price of crude oil in the international markets
2) Price of US Dollar in terms of Rupees
3) Taxes levied by the central and state governments
4) The fuel demand in the country is also taken into account.
How does petrol and diesel reach you?
1) Import: Crude oil is purchased from foreign countries.
2) Refinery: Petrol and diesel are separated from crude oil.
3) Companies: They earn their profits and deliver petrol-diesel.
4) Consumer: Consumers make purchases after adding central and state government taxes.
In this way you can check the prices sitting at home-
You can easily know the price of petrol and diesel in your city. For this, you will have to visit the website of oil marketing companies or send an SMS. If you are a customer of Indian Oil, then you can write RSP and send an SMS to 9224992249 and if you are a BPCL customer, then you can write RSP and send an SMS to 9223112222.
OMCs issue prices-
Let us tell you that the oil marketing companies of the country change the prices of petrol and diesel every day at 6.30 am. If the price changes, it is updated on the website. Actually, there has been no change in the prices of petrol and diesel for the last several days. The oil marketing companies of the country announce the prices of petrol and diesel. However, there has been no change in the prices of petrol and diesel since May 22, 2022. Companies like Hindustan Petroleum Corporation, Indian Oil Corporation of India publish the prices of petrol and diesel on their website. You can also check the price of oil sitting at home.