Petrol and diesel prices have been cut by the government oil companies, giving relief to the people today. On Monday, the petrol price has been cut by 14 paise per liter and diesel by 16 paise per liter.
After this, the cost of one-liter petrol in Delhi’s capital has come to Rs 81.72, and diesel has been priced at Rs 72.78. The day before, there was no change in prices on Sunday. Whereas on Saturday, both diesel and petrol became cheaper.
Petrol and Diesel may be cheaper now.
International crude oil prices have come down, and the rupee has come back strongly. In such a situation, experts are predicting a fall in the prices of petrol diesel domestically. If there is a 20 percent reduction in crude, then petrol and Diesel can be reduced by 5 percent. So petrol and Diesel can be cheaper by 2.5 to 3 rupees per liter.
Saudi Arabia Reduces Crude Oil Price
Saudi Arabia has reduced the price of its oil for sale in October. This suggests that the recent increased demand in the oil market is again weakening due to the increasing infection of coronavirus worldwide. Earlier in March this year, Saudi Arabia started price-cutting by reducing its oil price, after which the global price of crude fell to a record.
Petrol-diesel rates are fixed daily at 6 am
Oil marketing companies, after reviewing the prices, fix the rates of petrol and Diesel daily. Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise petrol and diesel rates at 6 am daily.
Know the rates of petrol and diesel in your city through SMS
You can also check the price of petrol and diesel in your city daily via SMS. Indian Oil (IOC) consumers can send RSP <Dealer Code> at number 9224992249 and HPCL‘s consumer HPPRICE <Dealer Code> can be sent to number 9222201122. BPCL consumers can send RSP <Dealer Code> to the number 9223112222.