Prices of fuel on September 20

20 Sep 2022 , 09:04 AM

The most recent price notice sent out by fuel merchants revealed that the price of gasoline and diesel remained stable on September 20 in metro cities.

In Delhi, a litre of gasoline costs Rs96.72 and a litre of diesel costs Rs89.62. In Mumbai, the price of diesel is Rs94.27 and that of gasoline is Rs106.31 a litre. Gas and diesel are Rs102.63 and Rs94.24 in Chennai and Rs106.03 and Rs92.76 in Kolkata, respectively. Yesterday, due to worries about supply constraints and expectations of weaker global demand, oil prices dropped by more than 2%. In anticipation of future big increases in interest rates, the US dollar strengthened as well.

This week, borrowing prices will climb across the board to combat excessive inflation, and there is a chance that the US Federal Reserve may raise rates by an unexpectedly large 1 percentage point. By 13:38 GMT, the price of Brent Crude for November delivery had dropped $1.90, or 2.1%, to $89.45 per barrel. West Texas Intermediate (WTI) for the United States fell $2.57, or 3%, to $82.54 in October.

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