Prices of fuel on September 16

16 Sep 2022 , 09:51 AM

The most recent price announcement made by fuel merchants on September 16 indicated that the price of gasoline and diesel remained stable throughout metro areas.

More than a month has passed since there was a price adjustment for petrol. A litre of petrol costs Rs 96.72 in Delhi, and a litre of diesel costs Rs 89.62. Diesel costs Rs94.27 and gasoline costs Rs106.31 per litre in Mumbai. In Chennai, the prices for gas and diesel are Rs102.63 and Rs94.24, while in Kolkata, they are Rs106.03 and Rs92.76.

Early Friday trading saw a decline in oil prices that extended the week’s losses as rising supply concerns were tempered by worries that surprise interest rate increases would hurt the global economy and fuel demand.

At 00:52 GMT, Brent oil futures were down 22 cents, or 0.2%, at $90.62 per barrel after falling 3.5% the previous day to a one-week low. After falling 3.8% the previous session, U.S. West Texas Intermediate (WTI) oil futures dropped 25 cents, or 0.3%, to $84.85 a barrel. In a client note, commodities experts at ANZ stated that “crude oil declined as the market’s emphasis reverted to the weakening economic backdrop.”

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