Petrol, Diesel Price Today 27 September 2024: The latest drop in crude oil prices has increased profits for fuel retailers giving government-run companies the chance to cut petrol and diesel prices by Rs 2-3 per litre, as per ICRA. The rating agency has observed that the Indian Oil Marketing Companies (OMCs) have gained their profit margins on the sale of fuels which increased because of the decline in crude oil prices. As per a PTI report, for September, the average price of crude oil that India imports was 74 per barrel, which is a decrease in comparison to March when it was $83-84 per barrel, and the fuel prices were slashed by Rs 2 per litre during that time. ICRA also predicts that there is a chance for the downward revision of retail prices of fuel only if the price of crude prices remain steady.
Meanwhile, crude oil prices dropped continuously for the third day on Friday, as investors are expecting a hike in supply from the OPEC+ group and Libya oil exporters. Brent crude futures dropped by 57 cents (0.8%) to $71.03 per barrel whereas US West Texas Intermediate (WTI) crude futures were down by 58 cents (0.95) 60 $67.09 per barrel.
As per Rahul Kalantri, VP Commodities from Mehta Equities Ltd, ”We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $66.55-65.90 and resistance at $68.10-68.80. In INR terms, crude oil has support at Rs5,600-5,540 while resistance is at Rs 5,740-5,820.”
Check latest Petrol and Diesel prices at your place on September 27, 2024
Mumbai: Petrol price is Rs 103.44 per litre, Diesel price is Rs 89.97 per litre
Kozhikode: Petrol price is Rs 105.72 per litre, Diesel price is Rs 94.72 per litre
Varanasi: Petrol price is Rs 94.92 per litre, Diesel price is Rs 88.08 per litre
Bhopal: Petrol price: Rs 106.47 per litre, Diesel price is Rs 91.84 per litre
Hyderabad: Petrol price: Rs 107.41 per litre, Diesel price: Rs 95.65 per litre
Aurangabad: Petrol price: Rs 106.69 per litre, Diesel price: Rs 93.45 per litre
Indore: Petrol price: Rs 106.48 per litre, Diesel price: Rs 91.88 per litre
Chennai: Petrol price: Rs 100.76 per litre, Diesel price: Rs 92.35 per litre
Bangalore: Petrol price: Rs 102.86 per litre, Diesel price: Rs 88.94 per litre
Noida: Petrol price: Rs 94.72 per litre, Diesel price: Rs 87.83 per litre
New Delhi: Petrol price: Rs 94.72 per litre, Diesel price: Rs 87.62 per litre
Jaipur: Petrol price: Rs 104.86 per litre, Diesel price: Rs 90.33 per litre