Petrol, Diesel Price Today 16 September 2024: Oil prices have jumped slightly in anticipation of US interest rate cut scheduled to take place this week. However, the profits were limited because of two key reasons, the resumption of US oil production after Hurricane Francine and the other one due to weaker economic data from China. This week’s market focus will be on how significant the US Federal Reserve’s rate cut will be after their meeting which is on September 17-18. As per Reuters, November Brent crude futures have been up by 15 cents or 0.2% to $71.76 per barrel whereas, US crude futures for October were hiked by 23 cents or 0.3% to $68.88 per barrel.
According to Kaynat Chainwala from AVP-Commodity Research, Kotak Securities, ”The IEA now projects global demand to increase by 900,000 bpd this year and around 950,000 bpd next year, a sharp decline from the 2.1 million bpd growth in 2023, largely due to rapid slowdown in demand growth consumption in China. Despite this, oil prices have continued to climb today to $69.50 per barrel, supported by an improvement in risk appetite amid growing expectations of Federal Reserve rate cuts.” Here is the list of updated petrol and diesel prices in your city.
Check latest Petrol and Diesel prices at your place on September 16, 2024
Hyderabad: Petrol price: Rs 107.41 per litre, Diesel price: Rs 95.65 per litre
New Delhi: Petrol price: Rs 94.72 per litre, Diesel price: Rs 87.62 per litre
Chennai: Petrol price: Rs 100.98 per litre, Diesel price: Rs 92.56 per litre
Bhubaneshwar: Petrol price: Rs 103.54 per litre, Diesel price: Rs 94.76 per litre
Dehradun: Petrol price: Rs 93.51 per litre, Diesel price: Rs 88.32 per litre
Patna: Petrol price: Rs 105.53 per litre, Diesel price: Rs 92.37 per litre
Mumbai: Petrol price: Rs 103.44 per litre, Diesel price: Rs 89.97 per litre
Surat: Petrol price: Rs 94.69 per litre, Diesel price: Rs 90.38 per litre
Bengaluru: Petrol price: Rs 102.86 per litre, Diesel price: Rs 88.94 per litre
Gurgaon: Petrol price: Rs 95.05 per litre, Diesel price: Rs 87.91 per litre
Kolkata: Petrol price: Rs 104.95 per litre, Diesel price: Rs 91.76 per litre
Ranchi: Petrol price: Rs 98.13 per litre, Diesel price: Rs 98.22 per litre