Petrol Diesel Price: Diesel Rate increased by Rs 20

Only the price of diesel, which has not increased in government bunks, has been increased by Rs.20 in a single week in private shell bunks. By this, motorists have been given a big shock. In the background of crude oil price rising to 90 dollars per barrel in the international market, diesel and petrol prices have been increased in the private sector Shell Bunk.

Diesel vehicle owner have been given a big shock by increasing the price of diesel by Rs. 20 per liter in just one week. Due to increase in diesel by Rs.20, per liter diesel price in Bangalore has reached Rs.122, in Mumbai it has reached Rs.130, and in Chennai it has reached Rs.129.

Even if the rates have been increased in the private sector Shell Bunk, the rates have not been increased in the government bunks for the 18th consecutive month. Thus, the price of diesel per liter is Rs. 87.99 in the government bunks of Bengaluru.

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Crude oil price fell by 3 dollars in one day, petrol-diesel price will decrease:

Crude oil prices fell by more than $3 a barrel amid fears of a global economic slowdown. By this, on October 5, the price has decreased to 86 dollars per barrel. Prices fell despite Saudi Arabia and Russia announcing they would cut crude oil production until December.

Crude oil price in one day per cent. 5 percent decline was seen, in one week it was equal to 1 percent. There is a decrease of 8 percent. This has fallen to a one-month low. By this, the price is on the way to decrease against the rising trend of last year. Oil prices were earlier in the month of September. With an increase of 9 percent in July-September period.

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There was an increase of 27 percent. Now in October the price has started to decrease. Crude oil prices have hovered around $90 per barrel in recent months due to tight supply in oil markets. Major oil producing countries including Saudi Arabia and Russia have cut production to prop up crude oil prices.

On the other hand, according to Energy Information Administration (EIA) data, gasoline stocks have increased significantly and reached 65 lakh barrels. This is the highest level of collection in the last two years. As a result, gasoline prices have fallen to a nine-month low and have fallen by 3% in the last 3 weeks.