If you also use petrol or diesel in everyday journey, then today’s news is very important for you. There has been a tremendous decline in crude oil prices in the international market, and its impact is also visible on India’s domestic fuel market. In many states, where the general public has been relieved, the people of Bihar have suffered a little shock.
Why are crude oil prices decreasing?
Former US President Donald Trump’s tariff policy has once again come into the limelight. Due to this policy, there has been a stir in the demand and supply of oil internationally. It has a direct impact on the prices of crude oil.
- The price of Brent crude has come down by $ 2.50 to $ 63.33 per barrel.
- WTI crude is now trading at $ 59.81 per barrel.
This decline is not just a figure, but a relief news because it directly affects the expenses on your pocket.
What was the effect in India – Changes in petrol and diesel prices
At 6 am on Monday morning, government oil companies released new rates of petrol and diesel. Let’s see what the latest prices are today in some major cities of the country:
Where prices reduced – news of relief
- Lucknow (Uttar Pradesh):
- Petrol: ₹ 94.58 (11 paise fall)
- Diesel: ₹ 87.68 (13 paise cut)
- Gurugram (Haryana):
- Petrol: ₹ 94.96 (21 paise cheaper)
- Diesel: ₹ 87.82 (20 paise cheaper)
Inflation hit Bihar
- Patna (Bihar):
- Petrol: ₹ 106.11 (51 paise expensive)
- Diesel: ₹ 92.92 (49 paise expensive)
People of Bihar will be unhappy with this change because when the rest of the country is getting relief, they will now have to do their pockets and tight.
Petrol-diesel rates in the four metros-What is the price in your city?
| City | Petrol (₹/liter) | Diesel (₹/liter) |
|---|---|---|
| Delhi | ₹ 94.72 | ₹ 87.62 |
| Mumbai | ₹ 103.44 | ₹ 89.97 |
| Chennai | ₹ 100.76 | ₹ 92.35 |
| Kolkata | ₹ 104.95 | ₹ 91.76 |
It is clear from these figures that in cities like Mumbai and Kolkata, the rates of petrol and diesel are more than other parts of the country. There, inflation is breaking the back of common people.
The rate is updated at 6 o’clock every morning – how are these prices fixed?
Petrol and diesel prices are not decided only from the international market. They include many types of taxes and margins:
- Excise duty (fixed by central government)
- Value Added Tax (VAT) (State Governments implement)
- Dealer commission
- Transportation expenses
The price that comes out after connecting all these reaches the general public. That is why the price of petrol and diesel in any state can be quite different from another state.
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The post Petrol Diesel Price Today: Diesel-petrol became cheaper in many states, but in Bihar a huge impact on pockets, know today’s latest price appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
