Diesel, Petrol Price – Fuel prices increase on Wednesday; See today’s rates in these 4 metros

Want to know the diesel and petrol prices and if they have increased and by how much? Read here to know more. Are you worried about the fluctuations in the fuel prices and want to buy it 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.   

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. 

See Diesel, Petrol Prices in metro cities  

  DELHI – On Wednesday, Petrol price was up at 87.60 from Rs 87.30 on Tuesday while the Diesel Price was up at Rs 77.73 from Rs 77.48.  

MUMBAI - Petrol price was up at 94.12 from Rs 93.83 on Tuesday while the Diesel Price was up at Rs 84.63 from Rs 84.36. 

KOLKATA - Petrol price was up at 88.92 from Rs 88.63 on Tuesday while the Diesel Price was up at Rs 81.31 from Rs 81.06. 

CHENNAI - Petrol price was up at 89.96 from Rs 89.70 on Tuesday while the Diesel Price was up at Rs 82.90 from Rs 82.66. 

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.   

On Tuesday crude oil prices moved to new highs not seen over the last 13 months on Tuesday as on the back of supply cuts by major producers. The consumption demand has also been picking up which is supporting the oil. There is fresh optimism towards demand and price growth among the oil producers, the technical analyst said.  

After being severely hit during the lockdown because of the Coronavirus pandemic, the crude oil prices are now seeing significant recovery and the trend looks positive in the near to medium term, Gupta said.  

The increase in price of crude oil will further increase the fuel bill of the consumers.    

Gupta said that Brent Crude is trading at USD 61.09 and WTI Crude is 58.50. While the former is expected to reach a target price of USD 63, the latter could USD 60 over a 1-week period.