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  • Fuel prices today: Check your city’s gasoline and diesel prices on April 21, 2022

Fuel prices today: Check your city’s gasoline and diesel prices on April 21, 2022

By on April 21, 2022 0

Business

oi-Vipul Das

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On Thursday April 21, 2022, the price of gasoline and diesel remained stable for the 15th consecutive day across the country. In Delhi, the gasoline prices is Rs 105.41 per litre, while the diesel price is Rs 96.67. According to data available on the websites of oil marketing organizations, petrol costs Rs 120.51 in Mumbai, while diesel costs Rs 104.77. Petrol will be sold at the same price of Rs 115.12 per liter in Kolkata today, while diesel will be sold at Rs 99.83 per litre. Petrol will cost Rs 110.85 per liter in Chennai today, while diesel will cost Rs 100.94.

Petrol will be sold at Rs 111.09 per liter in Bangalore, while diesel will be sold at Rs 94.79 per litre. Petrol will cost Rs 112.50 per liter in Bhubaneswar today, while diesel will cost Rs 102.24 per litre. Petrol and diesel prices in Chandigarh will remain stable at Rs 104.74 and Rs 90.83, respectively. The current price of petrol in Hyderabad is Rs 119.49 per litre, while diesel is Rs 105.49 per litre.

The price of crude oil on the international market rose today, due to growing fears of a drop in supply from Russia and Libya. Brent crude prices rose 1.10% to $108.00 a barrel, while WTI crude futures rose 0.19% to $102.08 a barrel. While Brent crude prices rose $108.23 a barrel on Wednesday, while WTI crude futures climbed to $103.50 a barrel.

In a report on Wednesday, Motilal Oswal said, “The IEA has warned that around 3.0 Mbpd of Russian oil could be tied up from May due to sanctions or buyers deliberately avoiding Russian shipments. The IMF cut its global growth forecast by the most since the early months of the Covid pandemic and forecast even faster inflation.The IMF said in an update to its World Economic Outlook that global gross domestic product, or GDP, will likely grow only 3.6% this year and next.

Due to fears over fuel demand and production shortages from Libya and Russia, and as India imports 85% of its oil needs and Brent crude oil prices are above $100 a barrel , domestic fuel rates will remain above 100 rupees, although a reduction in VAT on petrol and diesel may provide some relief to domestic fuel consumers.