Petrol and fuel prices in Kolkata are 106.03 per liter for petrol and 92.76 per liter for diesel.
Oil marketing companies (OMCs) issued new petrol-diesel rates for today, Friday, June 17. Today, a liter of petrol costs 96.72 rupees at Indian Oil’s petrol outlets in Delhi, while a liter of diesel costs 89.62 rupees.
The Central Government approved an increase in excise duty on fuel and diesel by Rs.8 and Rs.6 per liter, respectively, bringing the price of petrol and diesel to at least Rs.9.5 and up to Rs.7 cheaper for the average person. For the past 23 days, oil prices have remained unchanged.
Prices for gasoline and diesel in each of the four metros are as follows:
Petrol costs 96.72 rupees per liter in Delhi, while diesel costs 89.62 rupees.
In Mumbai, a liter of petrol costs 109.27 rupees, and a liter of diesel costs 95.84 rupees.
In Chennai, a liter of petrol costs 102.63 rupees, and a liter of diesel costs 94.24 rupees.
Petrol costs 106.03 rupees a liter in Kolkata, while diesel costs 92.76 rupees.
Following a slew of interest rate hikes throughout the world this week, oil prices dipped marginally on Friday as concerns about global economic growth and uncertainties weighed on markets.
Brent crude prices slid 83 cents, or 0.8 percent, to $118.98 a barrel, while WTI crude futures in the United States fell 80 cents, or 0.7 percent, to $116.79 a barrel.
Brent crude futures will witness their first weekly decline in five weeks if losses hold through the day, while U.S. oil futures will see their first weekly dip in eight weeks.
Central banks throughout Europe boosted interest rates on Thursday by surprising amounts. They hinted at much higher borrowing costs in the future to combat skyrocketing inflation, eroding savings, and squeezing corporate profits.
On Thursday, Argentina’s central bank raised its benchmark interest rate by the largest in three years as the South American country battles high inflation of over 60%.
These changes followed the Federal Reserve of the United States raising interest rates by 75 basis points this week, the most since 1994.