Market Status

Saturday 23 June 2018

Petrol price was cheaper by 18 paisa / liter, 243 rupees / liter in 24 days | Live Commodity Tips


Petrol price was cheaper by 18 paisa / liter, 243 rupees / liter in 24 days


Live Commodity Tips
Live Commodity tips
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Oil companies have given relief to the prices of petrol on Friday. Petrol in metro cities has been cheaper up to 18 paisa per liter. In Delhi where petrol is 14 paise per liter, Kolkata has 13 paise, Mumbai 18 paise and Chennai 15 paise per liter. However, there has been no change in diesel prices. On Thursday, the petrol-diesel got relief from 14 paisa per liter. According to the website of Indian Asylum, the new price of petrol in Delhi has been increased to Rs. 76.02 per liter. 

In the last 24 days, petrol is cheaper by Rs 2.43 / liter, in the
last 24 days, petrol in metro rates has been cheaper by Rs 2.43 per liter. At the same time, diesel has been cheaper by Rs 1.67 per liter. Explain that crude prices in the international market have decreased by $ 6 a barrel in the last 30 days. Consumers are benefitting from petrol and diesel prices.

Petrol prices in 4 metros of the country

city
Price (June 22 Rate)
Delhi
76.02  Rs
Kolkata
78.70  Rs
Mumbai
83.74  Rs
Chennai
78.89  Rs

Diesel prices in 4 metros of the country

city
New Price (June 21 Rate)
Delhi
67.68
Kolkata
70.23
Mumbai
71.99
Chennai
71.44
Source: IOCL

 Important decision on crude production
on June 22, or Friday in Vienna that OPEC countries are important decision to increase crude production. Tell that to the rising cost of crude oil in the international market in Saudi Arabia has proposed to supply control increasing prices. 3, including Iran, had earlier protested on the proposal, but now he has agreed to increase the supply in small quantities. At the same time, Russia also agreed to increase production. If there is a consensus on the increase in production, then crude prices can fall. Philmal is now on the verdict of the market. 

At crude prices at $ 74 per barrel, at the end of 2016, given the fall in crude prices, OPEC and non-OPEC countries had agreements on reducing crude production. After that, crude prices have steadily increased over the last 2 years. On Thursday, crude prices were closed at the rate of around $ 74 a barrel. In the last one month, there has been a drop of about 6 dollars per barrel in crude signals. 



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