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Petrol, Diesel Price Today July 18: Rates STABLE on Sunday; know latest cost in Delhi, Mumbai, Kolkata and Chennai

The prices of diesel and petrol remained stable on Sunday. The prices were last increased on Saturday. In Delhi, petrol price was hiked by 30 paise from Rs 101.54 per litre to Rs 101.84 per litre. Now, the price of petrol in all the four metros is over Rs 100. It must be noted that the Oil Marketing Companies (OMCs) release the prices of petrol and diesel on a daily basis.

If you are planning to fill your tank and want to know the current prices before stepping out of your homes, you can do it easily by doing this. You can check Petrol and Diesel price by sending SMS to 92249 92249. SMS “RSP <space>Dealer Code of Petrol Pump”. You can find the dealer code from IOCL website.

DELHI – On Sunday, Petrol price was at Rs 101.84 while the Diesel Price was at Rs 89.87. 

MUMBAI – Petrol price was at Rs 107.83 while the Diesel Price was at Rs 97.45.  

KOLKATA – Petrol price was at Rs 102.08 while the Diesel Price was at Rs 93.02. 

CHENNAI – Petrol price was at Rs 102.49 while the Diesel Price was at Rs 94.39.  

New Delhi – SMS Text – RSP 102072  

Mumbai – SMS Text – RSP 108412

Faridabad – SMS Text – RSP 102287    

Noida – SMS Text – RSP 155444    

Kolkata – SMS Text – RSP 119941    

Chennai – SMS Text – RSP 133593    

Ghaziabad – SMS Text – RSP 154410    

Gurgaon – SMS Text – RSP 102082    

Petrol, Diesel Price – The outlook for crude oil remains positive globally and is expected to take a rise, Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities opines. He had told that the prices would increase in the near term that may have an impact of petrol and diesel. While the near term targets given by Gupta for Brent Crude and WTI have almost been achieved, there is a further upside because of Global demand picking up now. 

Crude oil traded with weakness this week and ended lower on Friday despite some uptick. Brent futures rose 12 cents, or 0.2 per cent, to settle at USD 73.59 a barrel, while US West Texas Intermediate (WTI) crude rose 16 cents, or 0.2 per cent, to settle at USD 71.81. Earlier in the volatile session, both benchmarks were down over USD 1 a barrel.

Brent fell almost 3 per cent for the week, marking a decline for the third week in a row for the first time since April 2020. WTI fell almost 4 per cent this week.

However, the near term outlook still remains positive. Ravindra Rao of Kotak Securities expects WTI Crude to hold at USD 77-78, Zee Business had recently reported. Meanwhile, Kunal Shah of Nirmal Bang said that the upside remains but the prices are unlikely to go beyond USD 80.

A higher price could lead to further escalation in prices considering that the price of petrol and diesel have been increasing regularly.