Petrol, Diesel Price Today 28 October 2024: Oil prices went down by $3 per barrel on Monday as Israel attacked Iran on the weekend but it avoided nuclear sites and Tehran’s oil infrastructure. As a result, the oil supplies remain unaffected and it also reduces tension in the Middle East. Brent dropped by $72.20 per barrel whereas US West Texas Intermediate (WTI) crude fell to $68.51 per barrel. MST Marquee energy analyst Saul Kavonic mentioned to Reuters that the more limited nature of the strike has raised hope that de-escalation is on the way, which also indicates the risk premium comes off a few dollars per barrel.
Also ReadGold rate today on October 28 in Delhi, Mumbai, Kolkata, Chennai: Here are latest gold, silver prices in your city
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have chosen to retain the production policy earlier this month and also plan to increase the output beginning in December.
According to Rahul Kalantri, from VP Commodities, Mehta Equities Ltd. ”On the demand side, weak economic activity in top consumer China continued to weigh on sentiment. Weekend data revealed a decline in industrial profits, despite recent government stimulus measures. Meanwhile, market participants are closely monitoring potential OPEC+ output adjustments and the implications of the upcoming US election. Crude oil prices are expected to remain volatile in today’s session, with support at $68.00-67.40 and resistance at $70.50-71.15. In INR terms, crude oil has support at ₹5,860-5,760 and resistance at ₹6,100-6,165.”
Check latest Petrol and Diesel prices at your place on 28 October 2024
Kolkata: Petrol price: Rs 104.95 per litre, Diesel price: Rs 91.76 per litre
Bhubaneswar: Petrol price: Rs 103. 54 per litre, Diesel price: Rs 94.76 per litre
Jaipur: Petrol price: Rs 104.88 per litre, Diesel price: Rs 90.36 per litre
Mumbai: Petrol price: Rs 103.44 per litre, Diesel price: Rs 88.97 per litre
Nagpur: Petrol price: Rs 104.00 per litre, Diesel price: Rs 90.56 per litre
Bangalore: Petrol price: Rs 102.86 per litre, Diesel price: Rs 88.94 per litre
Hyderabad: Petrol price: Rs 107.41 per litre, Diesel price: Rs 95.65 per litre
Aurangabad: Petrol price: Rs 106.30 per litre,
» Read More
