Petrol, Diesel Price Today 15-04-2021 – Rate cut after 15 days; rising crude prices, weaker rupee may hit cost upwards

Some more relief on Petrol and Diesel prices as prices dropped on Thursday after remaining stable for 15 days in a row. The prices were last changed on 30 March 2020. If you are planning to fill your tank and want to know the current prices before stepping out of your homes, you can do it easily by doing this

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. Source: PTI

Some more relief on Petrol and Diesel prices as prices dropped on Thursday after remaining stable for 15 days in a row. The prices were last changed on 30 March 2020. If you are planning to fill your tank and want to know the current prices before stepping out of your homes, you can do it easily by doing this. 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.

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DELHI – On Thursday, Petrol price was at Rs 90.40 down from 90.56 on Wednesday, while Diesel Price was at Rs 80.73 down from Rs 80.87.

MUMBAI - Petrol price was at Rs 96.83 down from 96.98 on Wednesday while the Diesel Price was at Rs 87.81 down from Rs 87.96.

KOLKATA - Petrol price was at Rs 90.62 down from Rs 90.77 on Wednesday while the Diesel Price was at 83.61 down from Rs 83.75.

CHENNAI - Petrol price was at Rs 92.43 down from Rs 92.58 on Wednesday while the Diesel Price was at Rs 85.75 down from Rs 85.88.

Petrol, Diesel Price – Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said that the outlook remains strong for crude oil and WTI Crude oil prices may test levels of USD 65-67 levels while Brent Crude Oil prices may test USD 70 to USD 72 levels. This may lead to an increase in the prices of petrol and diesel, he said.

Moreover, the Indian Rupee is also trading at a 9-month low against the USD Dollar and chances are that the USD could levels of 76, Gupta said. This may have an impact on imports and could lead to further escalation in prices, he further said.

US oil stockpiles have dropped more than expected in the latest week, the Energy Information Administration said on Wednesday, Gupta said. Crude inventories have dropped by 5.899 million barrels last week, compared with analysts' expectations for a draw of 2.889 million barrels. Even as coronavirus cases see an upsurge, the consumption of crude could drop building stockpile again and leading to price correction. So, the prices are expected to see some volatility too, he added cautioning people to keep a watch.

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