Fuel Price | International oil prices hit eight-year high; Know the petrol-diesel price in the country

New Delhi: Brent crude rose to $ 113 a barrel in early trade on Friday. This is the highest rate in eight years. Although members of the International Energy Agency agreed to release 60 million barrels of oil from emergency stock, oil prices continued to rise sharply. The move could not stop the rise in crude futures. At the same time, the country’s fuel prices remain unchanged. However, reports suggest that petrol-diesel prices are likely to rise sharply in the coming weeks.

Russia is the second largest exporter of crude oil worldwide. Oil prices have risen to $ 100 a barrel for the first time since Russian President Vladimir Putin decided to launch a military operation on the Ukrainian border. The oil trade has been exempted from sanctions, but has stopped buying fuel from Russia to avoid unstable conditions. The United States and 30 other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of oil reserves to overcome supply disruptions following the Russia-Ukraine war.

Meanwhile, petrol and diesel prices remained unchanged on March 3 in four metros across the country. This situation has been going on for more than a hundred days. On November 3, after the retail price hit a record high, the central government decided to cut excise duty on petrol by Rs 5 and diesel by Rs 10. Many states and Union Territories have followed in the footsteps of the Center and announced reduction in fuel tax.

Also Read- Property Price | Are you planning to buy a house? It will cost more to buy the property; Why?

Public sector refineries such as Indian Oil, Bharat Petroleum and Hindustan Petroleum are revising their daily fuel prices in line with international crude oil prices and the rupee-dollar exchange rate. Any change in petrol and diesel prices will take effect from 6 am every day.

Diesel and petrol prices in a few metros and tier-2 cities across the country are as follows:

1. Mumbai

Petrol – Rs 109.98 per liter
Diesel – Rs 94.14 per liter

2. Delhi

95.41 per liter of petrol
Diesel – Rs 86.67 per liter

3. Chennai

101.40 per liter of petrol
Diesel – Rs 91.43 per liter

4. Kolkata

Petrol – Rs 104.67 per liter
Diesel – Rs 89.79 per liter

5. Bhopal

107.23 per liter of petrol
Diesel – Rs 90.87 per liter

6. Hyderabad

Petrol is priced at Rs 108.20 per liter
Diesel – Rs 94.62 per liter

7. Bangalore

100.58 per liter of petrol
Diesel – Rs 85.01 per liter

8. Guwahati

Petrol – Rs 94.58 per liter
Diesel costs Rs 81.29 per liter

9. Lucknow

95.28 per liter of petrol
Diesel – Rs 86.80 per liter

10. Gandhinagar

95.35 per liter of petrol
Diesel – Rs 89.33 per liter

11. Thiruvananthapuram

106.36 per liter of petrol
Diesel – Rs 93.47 per liter

Read the most reliable news, live information, world, national, Bollywood, sports, business, health and lifestyle news on News18 Malayalam website.