look news india
Petrol price today: Despite the fall in crude oil prices for the last one week, Indian oil marketing companies have not reduced the prices of petrol and diesel on the basis of international oil benchmarks. Today the average price of petrol in the country is Rs. It is around Rs 103.44 per litre. Oil Marketing in India Petroleum companies have not made any change in the prices of petrol and diesel since April. Andaman and Nicobar is the union territory selling cheapest fuel in India. Where the price of petrol is Rs. 82.42 per liter and diesel Rs. 78.01 per litre. Notably, prices vary as duties and cess vary from state to state. Petrol price in Ahmedabad Rs. It is around Rs 94.77 per litre.
Will prices fall in November?
Indian oil marketing companies change the prices of petrol and diesel over a period of fifteen days on the basis of international oil standards. In such a situation, considering the current price cut, it is expected that petrol and diesel may become cheaper in the beginning of November. Due to the fall in crude oil prices, petrol has become cheaper in many countries around the world, especially India's neighboring countries. Apart from Sri Lanka, petrol is also costlier by Rs 10 per liter in Bhutan, Bangladesh, China, Pakistan and Myanmar. It is available cheaper by Rs 37.
Crude has fallen by 7 percent in the last one week
Demand for crude oil has increased after China released a relief package to improve economic growth. However, crude oil prices fell 7 percent last week amid fears of a supply shortage amid ongoing tensions in the Middle East. However, crude oil prices steadied today after Aramco CEO expressed bullish stance on Chinese demand. Brent crude futures are trading 8 cents higher today at $73.14 a barrel.
Petrol cheaper by Rs 26 in Pakistan
Today petrol price in Pakistan is Rs. 247 per litre. If it is converted into Indian rupees then it becomes Rs 10 in Pakistan. Petrol is being sold at Rs 74.80 per litre. Whereas the average price of petrol in India is Rs 103.44 per liter. Whereas in Nepal Rs. 98, in China Rs. Petrol is being sold at Rs 95.14 per litre. Even in Bangladesh Rs. In Myanmar, petrol is available at Rs 85.09 per litre, petrol at Rs 83.70 per litre. Petrol in Bhutan is Rs. 37 is cheap.
Petrol expensive in Sri Lanka
Among India's neighboring countries, petrol is more expensive than India only in Sri Lanka. The price of petrol here is Rs. It is around Rs 108.06 per litre. Crude oil prices reached a record high of $130 per barrel during the war between Russia and Ukraine. However, later it fell to $90 per barrel. The impact of the Israel-Hamas war was visible. But since last week the prices of crude oil have been continuously falling. The result was that the prices of petrol and diesel also reduced.
Indian rupee is stronger than the currencies of neighboring countries
It is noteworthy that the Indian Rupee is stronger than the currencies of its neighboring countries. Indian rupee is strong against the currencies of Pakistan, Sri Lanka, Nepal. The Indian Rupee is worth more than the Chinese Yuan. But considering its gross income and deficit, the Indian Rupee is weaker than the Chinese Yuan.