Crude oil prices fell sharply on Monday after weak signals from economies around the world, while traders are adopting a cautious approach ahead of the meeting of OPEC countries this week.
Where did the price of petrol and diesel reach today?
There has been a sharp fall in the prices of crude oil on Monday. Currently, Brent crude has reached near the level of $ 100 per barrel. However, domestic consumers will have to wait longer to take advantage of the fall in crude oil. oil companies for today petrol and diesel Prices have been announced and on 3rd August also petrol and diesel remain at the previous levels. Like for more than 2 consecutive months, there has been no change in the price of petrol and diesel even today. And prices have remained stable. The price of petrol in the capital Delhi is Rs 96.72 per liter. The price of one liter of petrol in Mumbai remains stable at Rs 106.35, in Kolkata at Rs 106.03 and in Chennai at Rs 102.63.
where did crude oil reach
Crude oil prices fell sharply on Monday after weak signals from economies around the world. Whereas on Tuesday the prices are close to these levels. At present, traders are taking a cautious stance in the meeting of OPEC countries, due to which prices are under pressure. The price of Brent for the October contract is close to the level of $100 per barrel. It has fallen a lot from its upper levels but prices are still very high, so customers may have to wait longer for relief in oil prices. Oil prices have two parts, the first part is directly related to crude prices, while the second part is related to government taxes. Despite the fall, crude oil prices are at higher levels. At the same time, due to the uncertainty of the economy, the government does not want to reduce the income from tax, due to which the prices of petrol and diesel are at higher levels.
Current prices of petrol and diesel in major cities of the country (Rs per liter)