Petrol, Diesel Price Today 21 October 2024: Oil prices were steady at the time of early morning trade on Monday just after a major drop of 7% in the last week. The reason behind the decline has been credited to fear of less demand from China and ongoing conflict in the Middle East. As per the latest report of Reuters, Brent crude futures were up by 8 cents or 0.11% and were at $73.14 per barrel whereas US West Texas Intermediate (WTI) crude futures climbed up by 10 cents or 0.14 % and were at $68.32 per barrel. Meanwhile, Israel has declared to attack financial sites in Lebanon and Beirut, leading to further escalation of the crisis.
Also ReadGold, silver rate today on October 21 in Delhi, Mumbai, Kolkata, Chennai: Here are latest prices of your city
In a separate development, an indefinite strike has been announced by the commercial owners from 23 October because of the recent hike in the petrol and diesel prices. The price of petrol in the state is Rs 99.24 per litre while diesel prices are Rs 88.02 per litre. The Mizoram Government has recently not agreed to cut down the fuel prices.
According to Mohammed Imran – Research Analyst, Sharekhan by BNP Paribas, ”The optimism surrounding rate cuts and stimulus measure from Chinese policymakers may remain supportive for oil prices along with other commodities, but crude oil market remain in surplus with OPEC holding surplus capacities to cater to any shortfall or supply disruption, hence contained geo-political issue will keep prices in a broader range of $66-$74 in short term . for the day we advise buying the dips.”
Also Read RBL Bank shares plunge over 13% after net profit falls 24%; Should you buy the dip? Haryana portfolio allocation: CM Nayab Saini retains home and finance, Anil Vij takes energy Manappuram Finance shares tumble 18% as RBI takes action on subsidiary, Asirvad Microfinance This man’s family has Rs 1520560 crore stake in Tata Sons and he is not Indian – Know how he is related to Ratan Tata
Check latest Petrol and Diesel prices at your place on 21 October 2024
Kolkata: Petrol price: Rs 104.95 per litre, Diesel price: Rs 91.76 per litre
Hyderabad: Petrol price: Rs 107.41 per litre,
» Read More
