Petrol, Diesel Price Today 16 October 2024: Oil prices were slightly up in early morning trade on Wednesday due to uncertainty of the ongoing Middle East crisis that may impact the market outlook. In the previous session, there was a drop in prices which was the lowest level in October till now. Brent crude futures were up by 14 cents and were at $74.39 per barrel whereas US West Texas Intermediate (WTI) crude climbed up by 19 cents at $70.77 per barrel. On Tuesday, crude oil prices dived more than 4% because of the report that indicated that Israel won’t be attacking Iranian nuclear oil facilities.
Meanwhile, the International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC) have lowered down their prediction for global demand growth for 2024.
According to Rahul Kalantri of VP Commodities, Mehta Equities Ltd, ‘’We anticipate that crude oil prices will remain volatile during today’s session. Support levels are identified at $69.65–69.00, while resistance is expected between $71.00 and $71.65. In INR terms, crude oil has support at Rs 5,850–5,780, with resistance at Rs 6,100–6,180.’’
Check latest Petrol and Diesel prices at your place on 16 October, 2024
Bangalore: Petrol price: Rs 102.86 per litre, Diesel price: Rs 88.94 per litre
New Delhi: Petrol price: Rs 94.72 per litre, Diesel price: Rs 87.62 per litre
Kolkata: Petrol price: Rs 104.95 per litre, Diesel price: Rs 91.76 per litre
Chandigarh: Petrol price: Rs 94.24 per litre, Diesel price: Rs 82.40 per litre
Mumbai: Petrol price: Rs 103.44 per litre, Diesel price: Rs 88.97 per litre
Jaipur: Petrol price: Rs 104.88 per litre, Diesel price: Rs 90.36 per litre
Nashik: Petrol price: Rs 104.43 per litre, Diesel price: Rs 90.95 per litre
Shimla: Petrol price: Rs 95.29 per litre, Diesel price: Rs 87.41 per litre
Pune: Petrol price: Rs 104.53 per litre, Diesel price: Rs 91.04 per litre
Ludhiana: Petrol price: Rs 97.14 per litre, Diesel price: Rs 87.64 per litre
Thane: Petrol price: Rs 103.51 per litre, Diesel price: Rs 90.03 per litre
Salem: Petrol price: Rs 101.48 per litre, Diesel price: Rs 93.08 per litre