Crude oil has given a blow to the hopes of reducing the prices of petrol and diesel. Crude oil prices have been on fire since last September 27. During this period, the price of crude oil has increased by about $10 per barrel. Before September 27, the price of crude oil was around $70 per barrel and this had increased the expectation of petrol and diesel becoming cheaper. According to the latest rate released on Bloomberg Energy, December futures of Brent crude is $ 80.70 per barrel. Whereas, November futures of WTI were at $ 76.93 per barrel. Meanwhile, oil marketing petroleum companies have released the rates of petrol and diesel. There has been no change in this even today.
Goldman Sachs estimates that if Iran’s oil supply is reduced due to the conflict, the price of oil will rise by $ 20 per barrel. OPEC+’s additional capacity could offset some of the supply losses, potentially limiting price gains.
India’s eye on crude oil
Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said with global crude oil prices rising due to the growing crisis in West Asia, India is closely monitoring the situation and is fully confident of handling any challenges. Is. “We are keeping a close eye on the situation,” Puri said at the ExxonMobil Global Outlook 2024 here. If tensions increase in West Asia, availability may be affected.
Cheapest oil available here
According to Indian Oil, today on October 8, petrol in Delhi is priced at Rs 94.72 and diesel at Rs 87.62 per litre. In Port Blair, one liter petrol is available for Rs 82.42 and diesel for Rs 78.01. The price of petrol in Lucknow today is Rs 94.65 and diesel is Rs 87.76 per litre. The cheapest fuel selling union territory in India is Andaman and Nicobar. The price of 1 liter petrol in Andaman Nicobar is only Rs 82.42. Whereas, diesel is Rs 78.01 per litre.
State Petrol Diesel (₹/Litre)
Andaman and Nicobar 82.42 78.01
Andhra Pradesh 108.29 96.17
Arunachal Pradesh 90.92 80.44
Bihar 105.18 92.04
Chandigarh 94.24 82.40
Chhattisgarh 100.39 93.33
Dadra and Nagar Haveli 92.51 88.00
Daman and Diu 92.32 87.81
Delhi 94.72 87.62
Gujarat 94.71 90.39
Haryana 94.24 82.40
Himachal Pradesh 95.89 87.93
Jammu and Kashmir 99.28 84.61
Jharkhand 97.81 92.56
Karnataka 102.86 88.94
Kerala 107.56 96.43
Madhya Pradesh 106.47 91.84
Maharashtra 103.44 89.97
Manipur 99.13 85.21
Meghalaya 96.34 87.11
Mizoram 93.93 80.46
Nagaland 97.70 88.81
Odisha 101.06 92.64
Puducherry 94.34 84.55
Punjab 94.24 82.40
Rajasthan 104.88 90.36
Sikkim 101.50 88.80
Tamil Nadu 100.75 92.34
Telangana 107.41 95.65
Tripura 97.47 86.50
Uttar Pradesh 94.56 87.66
Uttarakhand 93.45 88.32
West Bengal 104.95 91.76
