Oil Companies Have Released New Prices Of Petrol-Diesel

Oil companies have released new prices for petrol-diesel, know the latest rates of your city: Petrol- Diesel Price Today.

New prices for petrol and diesel have been released by the oil distributor companies on Saturday (October 1, 2022). There has been no major change in the price of petrol and diesel in the country.

This is the fifth consecutive month (except in Maharashtra) that there has been no change in the price of petrol and diesel.

In the country’s capital Delhi, petrol is available for Rs 96.72 per liter and diesel at Rs 89.62 per liter.

In Kolkata, a liter of petrol is being sold for Rs 106.03 and diesel for Rs 92.76. Petrol in Mumbai is available at Rs 106.31 per liter and diesel at Rs 94.27 per liter.

In Chennai, a liter of petrol costs Rs 102.63, and diesel at Rs 94.24 per liter.

With the big shock of inflation before Diwali and a record increase in gas prices; There is a possibility of an increase in the price of CNG and PNG.

As soon as the month of October started, there has been a big shock of inflation. Natural gas prices have been increased by a record 40 percent.

This is expected to increase the prices of gas used in power generation, fertilizer making, and vehicle operation.

Government fixes prices every six months.

According to an oil ministry order, the rate paid for gas produced from old fields has been increased from the current US$6.1 to US$8.57 per million British thermal units.

Simultaneously, Reliance Industries Limited and its associate BP Plc have increased the price of gas from US$ 9.92 to US$ 12.6 per mmBtu. The government fixes the price of gas every six months.

Natural gas is used as a raw material.

It is worth noting that natural gas is the major source material for making fertilizers as well as for electricity generation.

It is also used to produce CNG, as well as piped natural gas (PNG) ie cooking gas. The increase in the prices of natural gas is expected to increase the prices of CNG and PNG.

Also, due to the increase in the price of natural gas, the cost of electricity generation will also increase.

But it will not have any significant effect on the consumers. Because the share of electricity generated from gas is very small.