Petrol, diesel price 25 April 2023: Fresh rate of fuel released
Petrol, diesel price 25 April 2023: The Indian oil companies on Tuesday updated price of petrol and diesel. It has been 338th day in a row that the price of petrol and diesel has remained unchanged.
Petrol, diesel price 25 April 2023: The Indian oil companies on Tuesday updated price of petrol and diesel. It has been 338th day in a row that the price of petrol and diesel has remained unchanged. The steady price of fuel has brought respite among the public. Common public breathe a sigh of relief on Tuesday after Indian Oil companies have kept the price of petrol and diesel steady once again amid high inflation.
Today is the first day last week of April on Monday, people get relief in inflation period where price of every commodity is increasing, price of petrol and diesel remain stable. Public sector oil marketing companies (OMCs) such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) released their pricing on a daily basis in accordance following global benchmark prices.
The price of crude oil on the worldwide market has decreased. WTI crude has dropped to $78 per barrel, while Brent crude is now at $85 per barrel.
On Tuesday, the price of petrol is Rs 106.31 per litre in Mumbai, Rs 106.03 in Kolkata, Rs 96.72 in New Delhi, and Rs 102.63 in Chennai. It is again a relief for the common people.
International market impact
In the international market, the price of crude oil has been continuously declining for the last several days. The price of WTI crude has come down near $ 85.61 per barrel and Brent crude near $ 91.63 per barrel.
Earlier on May 21, the government had cut excise duty. Excise duty on petrol was cut by Rs 8 per liter and diesel by Rs 6 per liter. Since then the price of petrol and diesel has come down. After this, diesel became cheaper by Rs 9.50 and Rs 7 per liter in the country. After the announcement of the Center, the governments of Rajasthan, Maharashtra, Odisha and Kerala also cut VAT.
At present, petrol in Delhi is priced at Rs 96.72 per liter and diesel is being sold at Rs 89.62 per litre. At the same time, petrol is getting Rs 106.31 and diesel Rs 94.27 per liter in Mumbai. Whereas petrol in Kolkata is Rs 106.03 and diesel Rs 92.76 per liter. On the other hand, petrol is selling at Rs 102.63 and diesel at Rs 94.24 per liter in Chennai.