Petrol Diesel Price Today, June 27: Check The Latest Fuel Rates In Your City

New Delhi: If you are planning to fill petrol or diesel in your car today, then first check the latest fuel prices in your city. Government oil companies have released new prices of petrol and diesel for June 27. Even today, fuel prices have been kept stable across the country and there has been no change in prices in any city.

There has been no revision in the rates of petrol and diesel for the last one month. Earlier on May 25, the prices of both the fuels were increased. Then petrol became costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre.

What are the prices of petrol and diesel in major cities today?

In the national capital Delhi, petrol is being sold at Rs 102.12 and diesel at Rs 95.20 per litre. Petrol in Mumbai is Rs 111.21 and diesel is Rs 97.83 per litre. The price of petrol in Chennai remains at Rs 107.77 and diesel at Rs 99.55 per litre.

Whereas in Kolkata, petrol is available at Rs 113.51 and diesel at Rs 99.82 per litre. In Noida, petrol is Rs 102.12 and diesel is Rs 97.56 per litre. In Lucknow, petrol is being sold at Rs 101.89 and diesel at Rs 95.36 per litre. In Chandigarh, petrol is priced at Rs 101.51 and diesel at Rs 89.47 per litre, while in Patna petrol is priced at Rs 113.37 and diesel at Rs 99.36 per litre.

Why did the prices of crude oil fall drastically?

There has been a significant decline in the prices of crude oil in the international market this week. After the reduction in tension in West Asia and the possibility of a ceasefire, market concerns regarding supply have reduced. This also affected the global oil market.

Why did fuel not become cheaper despite crude oil becoming cheaper?

Many people have a question in their mind that when crude oil is continuously becoming cheaper in the international market, then why are the prices of petrol and diesel not decreasing in India. The reason for this is that Indian oil companies do not decide retail rates based on daily crude oil prices. Usually, the decision is taken keeping in mind the average prices of the last 15 days to one month.

This is the reason why the impact of immediate decline in the international market is not immediately visible on domestic prices.

Can people get relief in the coming days?

Experts believe that if crude oil prices remain at this level for some more time, then oil companies may consider cutting the prices of petrol and diesel. At present, companies are earning good margins on petrol, while profits on diesel are said to be limited.

India imports more than 88 percent of its crude oil needs. In such a situation, due to oil becoming cheaper in the global market, the country's import bill may reduce, pressure on inflation may reduce and many sectors like transport, aviation, logistics, chemical and FMCG are also likely to benefit. Therefore, in the coming days, consumers will keep an eye on the next decision of the oil companies.