Petrol, Diesel Price Today 20 December 2024: Oil prices went down on Friday amid concern about slower demand growth in 2025, particularly in China, the world’s largest importer of crude. As per the latest report, Brent crude futures declined by 39 cents to $68.99 per barrel, while US West Texas Intermediate crude futures dipped by 39 cents to $68.99 per barrel. Meanwhile, the US dollar has risen to a two-year high after the Federal Reserve’s indicated to proceed cautiously with interest rate cuts in 2025, as Reuters reported. A strong dollar will lead to an increase in the price of oil for buyers who are using other currencies. On the other hand, slower interest rate reductions could hinder economic growth and will reduce the oil demand.
According to Mohammed Imran –Research Analyst at Mirae Asset Sharekhan, ”Oil prices are looking weak for 2025, and as markets enters into last leg of the year, the international trading volumes will dry out and we may see erratic moves ,but overall trend is bearish in crude oil, unless we see renewed escalation in the geo-politics in the middle easter region. WTI would mostly trade in broader range of $71-67 in coming week.”
Check latest Petrol and Diesel prices at your place on 20 December 2024
Chennai: Petrol price: Rs 100.90 per litre, Diesel price: Rs 92.39 per litre
Lucknow: Petrol price: Rs 94.69 per litre, Diesel price: Rs 87.81 per litre
Mumbai: Petrol price: Rs 103.50 per litre, Diesel price: Rs 90.03 per litre
Indore: Petrol price: Rs 106.57 per litre, Diesel price: Rs 91.97 per litre
Pune: Petrol price: Rs 90.57 per litre, Diesel price: Rs 90.57 per litre
Jamshedpur: Petrol price: Rs 99.91 per litre, Diesel price: Rs 94.71 per litre
Varanasi: Petrol price: Rs 95.21 per litre, Diesel price: Rs 88.40 per litre
Agra: Petrol price: Rs 94.61 per litre, Diesel price: Rs 87.70 per litre
Hyderabad: Petrol price: Rs 107.46 per litre, Diesel price: Rs 95.70 per litre
Chandigarh: Petrol price: Rs 94.30 per litre, Diesel price: Rs 82.45 per litre
Gurgaon: Petrol price: Rs 95.04 per litre, Diesel price: Rs 87.82 per litre
Srinagar: Petrol price: Rs 99.64 per litre, Diesel price: Rs 84.82 per litre