Prices of petrol and diesel on October 21

21 Oct 2022 , 11:03 AM

According to the most recent price notification sent out by fuel retailers, gasoline and diesel prices were stable across metro areas on October 21. Delhi charges Rs 96.72 for gasoline and Rs 89.62 for diesel per liter, respectively. Diesel prices Rs 94.27 per liter and gasoline price Rs 106.31 in Mumbai. In Chennai, the price of gasoline and diesel is Rs 102.63 and Rs 94.24, while in Kolkata, they are respectively Rs 106.03 and Rs 92.76.

In light of the ongoing conflict between Russia and Ukraine and OPEC+’s plans to reduce production in November, US President Joe Biden revealed efforts to ensure American energy security on Wednesday.

In order to further drive down oil prices and give American families more “breathing room” at the pump, Biden said the first crucial step would see the Department of Energy (DoE) release an additional 15 million barrels from the Strategic Petroleum Reserve (SPR), extending the release through the month of December.

As Brent crude futures drop 10 cents to trade at $92.26 a barrel, oil prices are almost unchanged. At $84.55 per barrel, US West Texas Intermediate futures are flat but are trading in the green.

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