Petrol, Diesel Price Today 3 January 2025: India Ratings and Research (Ind-Ra) has predicted strong demand for oil and gas in India for the next financial year. However, global factors like weaker refining margins led by subdued global demand may affect the industry’s profitability.
As per the latest report, oil prices bounced back as Brent crude futures went up to $76.05 per barrel and US West Texas Intermediate (WTI) crude also surged to $ 73.25 per barrel. The reason behind the surge was that investors welcomed 2025 ‘s first trading day on a positive note, particularly about China’s recovery and fuel demand.
Despite these recent improvements, oil prices in 2025 are likely to continue to be constrained near $70 per barrel. According to a Reuters poll, a 3 percent decline in 2024, an increase in global supplies, and a week in Chinese demand are projected to counterbalance OPEC+ efforts to balance the market.
As per Rahul Kalantri, VP Commodities, Mehta Equities Ltd, ”We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $72.10-71.50 and resistance is at $73.50-74.10 today’s session. In INR crude oil has support at Rs 6,240-6,180 while resistance at Rs 6,360-6,410.
Check latest Petrol and Diesel prices at your place on 3 January 2025
Nagpur: Petrol price: Rs 104.32 per litre, Diesel price: Rs 90.87 per litre
Kolkata: Petrol price: Rs 105.01 per litre, Diesel price: Rs 91.82 per litre
Gurgaon: Petrol price: Rs 95.25 per litre, Diesel price: Rs 88.10 per litre
Mumbai: Petrol price: Rs 103.50 per litre, Diesel price: Rs 90.03 per litre
Pune: Petrol price: Rs 104.14 per litre, Diesel price: Rs 90.67 per litre
Chennai: Petrol price: Rs 101.80 per litre, Diesel price: Rs 92.39 per litre
Ranchi: Petrol price: Rs 97.86 per litre, Diesel price: Rs 92.62 per litre
Lucknow: Petrol price: Rs 94.69 per litre, Diesel price: Rs 87.81 per litre
Thane: Petrol price: Rs 103.70 per litre, Diesel price: Rs 90.22 per litre
Hyderabad: Petrol price: Rs 107.46 per litre, Diesel price: Rs 95.70 per litre
Aurangabad: Petrol price: Rs 106. 94 per litre, Diesel price: Rs 93.76 per litre
Ludhiana: Petrol price: Rs 97.62 per litre, Diesel price: Rs 88.10 per litre