Gasoline, Diesel Price Today: The price of fuel increases again on Tuesday for the seventh time in the last eight days. In Delhi, the gasoline rates were climbed by 80 Paise per liter to cross the sign of ₹ 100 and Diesel at 70 Paise per liter, according to the notification of the price of state fuel retailers.One liter of gasoline in the National Capital City will now cost ₹ 100.21 by fighting ₹ 99.41 before, while Diesel will be sold with ₹ 91.47 of ₹ 90.77 per liter beforehand In Mumbai, gasoline will be reviewed with ₹ 115.04 per liter, while Diesel will be sold with ₹ 99.25 per liter. Among the metro city, fuel rates are still the highest in Mumbai. Prices vary throughout the state due to value added tax (VAT).
The fuel rate was held steady for more than four months despite the surge in crude oil prices. The revised tariff has ended on March 22.Here are the prices of gasoline and diesel throughout the city metro Moody investor services last week stated that the State retailers together lost around $ 2.25 billion (RS 19,000 Crore) in revenue to maintain gasoline and diesel prices detained during the election period.
Rates continue to be postponed in the midst of assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur. Institutional Equity Box said that the oil company “needs to increase diesel prices of ₹ 13.1-24 per liter and ₹ 10.6-22.3 a liter on gasoline with the underlying crude oil prices of $ 100-120 per barrel.
Crisil Research said an increase of ₹ 9-12 per liter in retail prices would be necessary for a full pass-through $ 100 per barrel of crude oil and ₹ 15-20 a liter increase if crude oil prices averaged to $ 110-120. Oil refiners managed by countries such as Indian oil, Bharat Petroleum, and Hindustan Petroleum revised fuel tariffs every day, taking into account the price of crude oil in the international market, and the dollar exchange rate. Every change in gasoline and diesel prices is implemented with the effect from 6am every day India is 85 percent depending on imports to meet their oil needs and, domestic and diesel gasoline prices are related to international rates.
Gobally, oil prices fell today because Ukraine and Russia towards peace negotiations and in fear of a decrease in fuel demand in China after the Shanghai financial center was closed to curb the Covid-19 surge. Brent Crude Futures traded down $ 1.18, or 1.1 percent, at $ 111.30 a barrel. Cheap West Texas Nediation (WTI) futures fell $ 1.09, or 1 percent, at $ 104.87. Both benchmark contracts lost around 7 percent on Monday