Petrol price for today 5 june 2018, Free CRUDE Price Daily
Due to the fall in crude prices in the international market,
prices of petrol and diesel have come down for the seventh consecutive day in
the country. On Tuesday, June 5, 2018, the price of petrol was 13 paise
and the price of diesel was 9 paise lower than the previous day. According
to the updated price list on Indian Oil's website, petrol prices in Delhi are
13 paise and diesel prices have declined by 0.9 paise. In the last 7 days,
petrol in Delhi has been reduced by 60 paise and diesel has been cheaper by 43
paise per liter.
 |
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Crude is getting the
advantage of being cheap
Market experts say that the decline in crude prices in the
international market has started to gain in India, although it has been
marginally so far. If on Oct 22 the OPEC countries decide not to cut
further, then the fall in crude may increase. It can come up to $ 60 a
barrel. OPEC countries and Russia have also given such an
indication. It can be benefited by the Indian customers, but for this, the
state governments will have to take measures for relief.
New
petrol prices in 4 metropolitan cities
city
|
New Price (June 5th Rate )
|
Old Price (June 4th Rate)
|
Delhi
|
77.83
|
77.96
|
Kolkata
|
80.47
|
80.60
|
Mumbai
|
85.65
|
85.77
|
Chennai
|
80.80
|
80.94
|
Read Also:- Free Intraday Tips for today
New
prices of diesel in 4 metros of the country
city
|
New Price (June 5th Rate)
|
Old Price (June 4th Rate)
|
Delhi
|
68.88
|
68.97
|
Kolkata
|
71.43
|
71.52
|
Mumbai
|
73.33
|
73.43
|
Chennai
|
72.72
|
72.82
|
(Price: petrol-diesel in rupees per liter.)
Source: IOCL
Advantages of
Increase in Crude Production
The rise in crude production in the US and the rise in
production by OPEC countries indicate prices are declining. In this order,
the price of Indian crude oil basket dropped 71 cents to $ 75.02 a barrel.
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The content of this blog has taken from here:- https://money.bhaskar.com/news/MON-MARK-COMM-ENG-MRKT-petrol-price-for-today-5-june-2018-tuesday-free-crude-price-daily-5887635-PHO.html
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