The downward trend in the price of crude oil continues.
New Delhi: Oil Marketing Companies(OMCs) like Indian Oil, Bharat Petroleum and Hindustan Petroleum update petrol and diesel price in different cities every morning based on foreign exchange rates and international benchmark prices. However, the price of petrol and diesel has remained unchanged for a long time despite the fact that the downward trend in the price of crude oil continues.
In the international market, Brent crude had reached the lowest level since January. Even after, Indian fuel companies have not reduced the price of petrol and diesel. The petrol and diesel rate changed on May 22, 2022, at the time of the cut in excise duty.
Experts are anticipating that petrol and diesel will be cheaper in India only when the price of crude oil comes below 80 dollars per barrel. It is expected that the prices of Brent crude oil continue to fall till next week, oil prices may become cheaper during Navratri.
The retail prices of gasoline and diesel vary from state to state because of regional taxes like VAT or freight fees.
Read More: HDFC AMC launches two Smart Beta ETFs: What are they? Check details
Petrol and Diesel prices in big cities as of today, September 29, 2022:-
Delhi: Petrol- Rs 96.72 per litre, Diesel- Rs 89.62 per litre
Mumbai: Petrol- Rs 106.31 per litre, Diesel- Rs 94.27 per litre
Chennai: Petrol- Rs 102.63 per litre, Diesel- Rs 94.24 per litre
Kolkata: Petrol- Rs 10.03 per litre, Diesel- Rs 92.76 per litre
Lucknow: Petrol- Rs 96.57 per litre, Diesel- Rs 89.76 per litre
Noida: Petrol- Rs 96.57 per litre, Diesel- Rs 89.96 per litre
Bengaluru: Petrol- Rs 101.94 per litre, Diesel- Rs 87.89 per litre
Gurugram: Petrol- Rs 97.18 per litre, Diesel- Rs 90.05 per litre
How to check the petrol and diesel price through SMS?
The customers of IOCL can send the message on 9224992249 with the RSP code of your city. To know the RSP code of your city, visit ioclpetrol-dieselprice.com
