Sunday , November 24 2024

Petrol Diesel Rate: Iran-Israel war continues to impact crude oil, what will be the impact on India's stock market and petrol-diesel? | News India

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Iran–Israel war : Due to the impact of Iran-Israel war, tension has increased around the world and the biggest impact is related to crude oil. The price of crude oil has been increasing for 2 consecutive days and even today the price of crude oil is increasing. While an increase of about 5 percent was seen in the price of crude oil on Tuesday, an increase of about 1.5-2 percent was seen in the price of crude oil on Wednesday. Along with this, the price of crude oil is increasing for the third consecutive day.

In fact, Iran supplies one-third of the world's crude oil needs and its oil production and sales seem to be affected after the latest attacks.

How are the crude oil rates today?

If we look at the prices of crude oil, the benchmark Brent crude has increased by 1.01 percent and its rate is seen at $ 74.65 per barrel. Along with this, there is a rise in the price of West Texas Intermediate Crude (WTI Crude) today and it is at $ 70.90 per barrel with an increase of 1.14 percent.

Why will its effect be seen in India today?

Actually, yesterday there was a holiday in the Indian stock market due to Gandhi Jayanti and due to this the immediate impact of the Iran-Israel war was not seen on the Indian markets. However, a little nervousness can be seen when the market opens this morning. Its effect can be seen on the shares of oil related companies in the Indian stock market.

Its impact can be seen on the shares of companies working in the oil and gas sector and oil marketing companies (OMCs). It will be important to see what happens to the stocks of OMCs like IOC, BPCL, HPCL.

What are the petrol and diesel rates in India?

If we look at the prices of petrol and diesel today in four big cities of the country, in the capital Delhi, petrol is being sold at Rs 94.72 per liter and diesel at Rs 87.62 per liter. In Mumbai, petrol is being sold at Rs 103.44 per liter and diesel at Rs 89.97 per liter. In Kolkata, petrol is being sold at Rs 104.95 per liter and diesel at Rs 91.76 per liter.

In Chennai, petrol is being sold at Rs 100.75 per liter and diesel at Rs 92.34 per liter. The direct impact of Iran-Israel tension has not yet been seen on the prices of petrol and diesel in the country and these rates are the same as before, that is, no change is being seen in them.

Apart from this, prices of petrol and diesel have also increased in Jammu and Kashmir, Chhattisgarh, Andhra Pradesh, Punjab, Tamil Nadu and West Bengal. Whereas the prices of petrol diesel have reduced in Goa, Haryana, Karnataka, Kerala, Odisha, Rajasthan, Telangana and UP.

International organizations have expressed concern

The United Nations has also expressed concern over the increasing tension in the Middle East and the head of the United Nations i.e. Secretary General Antonio Guterres has said that such attacks will make the situation worse. Innocent people are losing their lives in this war.