Petrol, Diesel Price Today 17-02-2020: Fuel prices rise on Wednesday too; So, who is benefitting?

Want to know the petrol and diesel prices? Whether they have increased or decreased and by how much? Are you worried about the fluctuations in the fuel prices and want to buy when the prices are down? You can do it whenever you are planning to step out to refill your tank. Get prices of petrol and diesel on a day-to-day basis here. 

The petrol and diesel prices on Wednesday were hiked for the 9th straight day. Daily price changes for Petrol and Diesel are effected at 6 am every day.    

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You can check Petrol and Diesel price by sending SMS to 92249 92249. SMS "RSP <space>Dealer Code of Petrol Pump”. You can find the dealer code from IOCL website.  

Petrol, Diesel Prices Today – Check price in Delhi, Mumbai, Kolkata and Chennai   

DELHI – On Wednesday, Petrol price was up at 89.54 from Rs 89.29 on Tuesday while the Diesel Price was up at Rs 79.95 from Rs 79.70.   

MUMBAI - Petrol price was up at 96.00 from Rs 95.75 on Tuesday while the Diesel Price was up at Rs 86.98 from Rs 86.72.  

KOLKATA - Petrol price was up at 90.78 from Rs 90.54 on Tuesday while the Diesel Price was up at Rs 83.54 from Rs 83.29.  

CHENNAI - Petrol price was up at 91.68 from Rs 91.45 on Tuesday while the Diesel Price was up at Rs 85.01 from Rs 84.77.  

Petrol, Diesel Price – There is unlikely to be any respite to the common man as crude oil prices are only rising by the day. Anuj Gupta, Senior Technical Analyst at Angel Broking and Commodity and Forex market expert said that the upwards trend will only continue in the near to medium term and the spike may create inflationary pressure on prices of various goods.    

Who is benefitting from Crude oil price increase? 

Gupta said that he was bullish on crude oil as the prices are likely to see an upward trend in the near term. The February oil futures were trading at Rs 4382 per BBL at 11:10 am. This was up by Rs 18 or 0.4 per cent from the previous close on Monday. 

His advice to traders or investors in oil futures is to Buy Oil Futures at Rs 4350. He puts the stop loss at Rs 4290 while the target at Rs 4450.