iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Price of fuel on October 6

6 Oct 2022 , 11:26 AM

According to the most recent price notice sent out by fuel merchants, gasoline and diesel prices are stable on October 6 across metro areas.
Delhi charges Rs96.72 for gasoline and Rs 89.62 for diesel per liter, respectively. Diesel costs Rs94.27 per liter and gasoline costs Rs106.31 in Mumbai. In Chennai, the cost of gasoline and diesel is Rs102.63 and Rs94.24, while in Kolkata, they are respectively Rs106.03 and Rs92.76.

After OPEC+ decided to significantly reduce the supply of crude oil by cutting output by around 2 million barrels per day, oil prices started to rise in early Asian trade on Thursday. The OPEC+ deal, which restricts supply in a market that is already constrained, was reached between the Organization of Petroleum Exporting Countries and allies, including Russia.

By 00:27 GMT, Brent crude futures had increased by 46 cents, or 0.5%, to $93.83 per barrel, while West Texas Intermediate (WTI) crude futures had increased by 45 cents, or 0.5%, to $88.21 per barrel. According to three OPEC+ sources, the joint ministerial monitoring committee made an agreement to reduce oil output by 2 million barrels per day.
Oil prices have fallen to approximately $90 from $120 three months ago owing to concerns of a worldwide economic slowdown, increasing U.S. interest rates, and a stronger currency. The OPEC+ cut might help them rise again. OPEC+, which also includes Saudi Arabia and Russia, is attempting to reduce production by 1-2 million barrels per day, with some reports suggesting that the reductions may really be closer to 2 million.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Brent
  • business
  • Chennai
  • commodities
  • crude
  • diesel
  • Mumbai
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
29 Mar 2024   |   10:14 AM
Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.