New Delhi : The price of crude oil has increased in the international market. Crude oil is trading at $ 93 a barrel in early trade amid news of a cut in crude production and rising inflation in the US and easing of Corona restrictions in China. However, public sector oil and gas marketing companies have not made any change in the price of petrol and diesel in the domestic market.
According to the Indian Oil website, petrol remained at Rs 96.72 per liter and diesel at Rs 89.62 in the capital Delhi on Friday. The price of petrol in Mumbai is Rs 106.31 and diesel is Rs 94.27 per litre. Petrol in Kolkata costs Rs 106.03 and diesel Rs 92.76 per litre. Similarly, petrol is selling at Rs 102.63 and diesel at Rs 94.24 per liter in Chennai.
Crude prices continue to fluctuate after OPEC countries decided to cut production to control the falling crude oil prices. On the fifth trading day of the week, Brent crude is trading 0.27 per cent, or $ 0.25, at $ 92.63 per barrel, while US West Texas Intermediate (WTI) crude also gained 0.35 per cent, or $ 0.30, at $ 84.81 per barrel. doing business.
It is noteworthy that after the Russo-Ukraine war, the price of crude oil reached $ 139 a barrel in March, the highest level since 2008, but recently its price has come down to below $ 85 a barrel. The government had cut central excise duty on petrol and diesel from May 22, due to which the price of petrol in Delhi came down to Rs 96.72. Diesel stands at Rs 89.62 per litre.