Petrol, diesel prices today — 24 June: Check fuel rates in Chennai, Bengaluru, Delhi, Kolkata, Mumbai as oil holds drop
Petrol and diesel prices today, 24 June: Fuel prices in India remained largely unchanged on Wednesday. However, the price of the Indian basket crude oil
Petrol and diesel prices today, 24 June: Fuel prices in India remained largely unchanged on Wednesday. However, the price of the Indian basket crude oil remained elevated despite positive developments over the Strait of Hormuz, the strategic waterway through which one-fifth of global fuel trade takes places. Oil marketing companies (OMCs) hiked the price of both petrol and diesel last month by about ₹7.50 per litre for petrol and ₹7.60 for diesel, following multiple revisions. The latest price increase was made on 25 May in the wake of disruptions to global energy supply chains. Supported by optimism over US-Iran peace talks, Brent crude price remained subdued on Tuesday. Let's have a look at latest city-wise petrol and diesel rates today. City-wise petrol prices on 24 June City Price Price Change New Delhi ₹ 102.12 0.00 Kolkata ₹ 113.47 0.00 Mumbai ₹ 111.21 0.00 Chennai ₹ 107.76 0.00 Gurugram ₹ 102.97 0.00 Noida ₹ 102.08 0.00 Bengaluru ₹ 110.93 -0.75 Bhubaneswar ₹ 108.97 0.00 Chandigarh ₹ 101.54 0.00 Hyderabad ₹ 115.69 0.00 Jaipur ₹ 113.35 0.00 Lucknow ₹ 102.08 +0.16 Patna ₹ 113.37 -0.17 Thiruvananthapuram ₹ 115.49 0.00 City-wise diesel prices on 24 June City Price Price Change New Delhi ₹ 95.20 0.00 Kolkata ₹ 99.82 0.00 Mumbai ₹ 97.83 0.00 Chennai ₹ 99.55 0.00 Gurugram ₹ 95.64 0.00 Noida ₹ 95.56 0.00 Bengaluru ₹ 98.80 -0.76 Bhubaneswar ₹ 100.68 0.00 Chandigarh ₹ 89.47 0.00 Hyderabad ₹ 103.82 0.00 Jaipur ₹ 98.39 0.00 Lucknow ₹ 95.56 +0.15 Patna ₹ 99.36 -0.18 Thiruvananthapuram ₹ 104.40 -0.01 Oil softens further as traffic flows through Strait of Hormuz chokepoint Oil softened further as more tankers openly crossed the Strait of Hormuz on Tuesday, with the US and Iran signaling progress in negotiations to formally end their war.
In the first round of peace talks in Switzerland, the US agreed to waive sanctions on Iran for 60 days from Monday. Brent crude oil, the international benchmark, closed above $77 a barrel on Tuesday. As a result, markets weighed in on an impending wave of crude and oil futures edged lower by over a third since their wartime highs. In an attempt to woo Asia’s biggest refiners, Washington temporarily allowed for the purchase of Iranian oil. The US and Iran have both flagged early progress in discussions to end the war that started in late February, although further talks are likely to be protracted and differing claims have emerged. Amid concerns that concerns that Tehran will levy a fee on cargoes transiting Hormuz, the Islamic Republic and Oman said they were beginning work on a pact for the administration of the waterway, including the cost of managing transit. There is growing confidence among shipowners and traders about sending vessels through the Strait of Hormuz as tensions are easing and traffic is increasing.
The BriefWire