Petrol, Diesel Price Today 22-03-2021: No hike for 23 days as prices remains unchanged on Monday; Will party continue?

Want to know the petrol and diesel prices? Whether they have been increased or decreased and by how much? The price relief on Petrol and Diesel continued on Monday as the prices remained unchanged for the 23rd straight day. If you are worried about the fluctuations in the fuel prices and want to buy when the prices are down, then you must follow this space

There could be some respite to the common man as crude oil prices have come down. Source: Reuters

Want to know the petrol and diesel prices? Whether they have been increased or decreased and by how much? The price relief on Petrol and Diesel continued on Monday as the prices remained unchanged for the 23rd straight day. If you are worried about the fluctuations in the fuel prices and want to buy when the prices are down, then you must follow this space. You can do it whenever you are planning to step out to refill your tank. Get prices of petrol and diesel on a day-to-day basis here.

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The petrol and diesel prices on Wednesday were hiked for the 23rd straight day. Daily price changes for Petrol and Diesel are effected at 6 am every day.

You can check Petrol and Diesel price by sending SMS to 92249 92249. SMS "RSP <space>Dealer Code of Petrol Pump”. You can find the dealer code from IOCL website.

Petrol, Diesel Prices Today – Check price in Delhi, Mumbai, Kolkata and Chennai

DELHI – On Monday, Petrol price was at 91.17 while the Diesel Price was at Rs 81.47.

MUMBAI - Petrol price was at 97.57 while the Diesel Price was up at Rs 88.60.

KOLKATA - Petrol price was at 91.35 on Monday while the Diesel Price was up at Rs 84.35.

CHENNAI - Petrol price was at 93.11 on Monday while the Diesel Price was up at Rs 86.45.

Petrol, Diesel Price – There could be some respite to the common man as crude oil prices have come down. Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said that the trend will likely continue amid rising US inventories and Covid-19 cases seen fresh spikes across the globe.

A softer oil price would keep the price of diesel and petrol in check.

The price has gone up by Rs 7.26 per litre for petrol in the last 2 months i.e. January and February, while diesel rates have increased by Rs 7.60 per litre in the national capital region.

Who is benefitting from Crude oil price increase?

Gupta said that the near term outlook of crude oil was weak. Brent Crude which is currently trading at USD 64.37 could go down further to US 61. Meanwhile, the WTI Crude Oil could go down to USD 58 from the current levels of 61.23, he said.

The March oil futures are trading around Rs 4459 per BBL. He recommended selling in Oil Futures at Rs 4480. He puts the stop loss at Rs 4560 while the target price at Rs 4350.

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