Petrol, Diesel Price Today 7 January 2024: Oil prices continue to decline on Tuesday, marking a second consecutive session of losses after last week’s rally. As per latest update, Brent crude futures went down by 8 cents at $76.22 per barrel whereas US West Texas Intermediate (WTI) crude dropped by 15 cents at $73.42.
The downward pressure on oil prices comes despite concern over tightening supplies from Russia and Iran because of growing sanctions from Western. However, a surge in production from non-OPEC countries, along with a lesser demand from China is likely to maintain the global oil market well-supplied all around the year.
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Investors are keeping a close watch on the US December nonfarm payrolls report which is scheduled to be released on Friday. This data is considered to be crucial as it will give details into the Federal Reserve’s interest policy and its impact on oil demand in the next few months.
According to Rahul Kalantri, VP Commodities, Mehta Equities Ltd, ”We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $72.40-71.60 and resistance is at $73.70-74.50 today’s session. In INR crude oil has support at Rs 6,240-6,180 while resistance at Rs 6,370-6,440.”
Check latest Petrol and Diesel prices at your place on 7 January 2025
New Delhi: Petrol price: Rs 94.77 per litre, Diesel price: Rs 87.67 per litre
Ranchi: Petrol price: Rs 97.86 per litre, Diesel price: Rs 92.62 per litre
Pune: Petrol price: Rs 104.29 per litre, Diesel price: Rs 90.81 per litre
Gurgaon: Petrol price: Rs 95.25 per litre, Diesel price: Rs 88.10 per litre
Chandigarh: Petrol price: Rs 94.30 per litre, Diesel price: Rs 82.45 per litre
Guwahati: Petrol price: Rs 98.08 per litre, Diesel price: Rs 90.33 per litre
Bhopal: Petrol price: Rs 106.52 per litre, Diesel price: Rs 91.89 per litre
Nashik: Petrol price: Rs 104.75 per litre, Diesel price: Rs 91.26 per litre
Bangalore: Petrol price: Rs 102.92 per litre, Diesel price: Rs 88.99 per litre
Kolkata: Petrol price: Rs 105.01 per litre,
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