Fuel Prices remain unchanged last week

2 Aug 2022 , 09:13 AM

According to the most recent price notice sent out by fuel dealers, the price of gasoline and diesel remained stable on August 2.Fuel prices have not changed in more than a month.

Mumbai residents pay Rs106.31 for a litre of gasoline and Rs94.27 for a litre of diesel. In Delhi, a litre of gasoline costs Rs96.72 and a litre of diesel costs Rs89.62. Diesel and gasoline cost, respectively, are Rs102.63 and Rs94.24 and Rs106.03 and Rs92.76 in Chennai and Kolkata.

According to reports, oil marketing businesses lose Rs13.08 on each liter of gasoline and Rs24.09 on each liter of diesel. The majority of the gasoline India requires is imported. Oil prices slightly fell on Tuesday as investors worried about the world’s oil consumption as a result of weak industrial data from many different countries.

By 00:02 GMT, WTI crude prices were down 22 cents at $93.67 per barrel and Brent crude futures were down 29 cents to $99.74 per barrel. The decline followed a Monday session low for Brent futures of $99.09 a barrel, its lowest level since July 15. The benchmark price for U.S. oil fell as low as $92.42 a barrel, its lowest level since July 14. Prices have fluctuated as investors balance concerns about a probable global recession with a limited worldwide supply.