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Crude Oil Prices edge up; Check Petrol, Diesel Prices Today 23 December 2024 in Chennai, Gurgaon, Mumbai, Srinagar and Hyderabad – Commodities News
Crude oil prices increased marginally on December 23, after the release of US economic data showing a slowdown in inflation. Brent crude futures increased by 26 cents, or 0.4 per cent, and touched $73.20 per barrel. Similarly US West Texas Intermediate (WTI) futures climbed by 31 cents, or 0.5 per cent and reached $69.77 per barrel.
The report showed that monthly inflation slowed in November after showing little improvement in recent months. The personal consumption expenditures (PCE) price index rose 0.1 per cent last month after an unrevised 0.2 per cent gain in October.
Both oil benchmarks dropped by over 2 per cent last week, driven by concerns over global economic growth and oil demand after the U.S. central bank signaled a cautious approach toward further easing of monetary policy.
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Rahul Kalantri, VP Commodities, Mehta Equities said,”Crude oil prices showed very high price volatility and extended its fall in the early trading session but prices recovered from their lows after profit taking in the dollar index and geo-political tensions. The dollar index slipped from 2-year highs and supported crude oil prices at lower levels. Crude oil prices also recovered amid escalation of tensions between Russia-Ukraine over the weekend after Russia fired missiles on Kyiv.”
He added,”However, higher U.S. gasoline stocks and Chinese demand worries are restricting gains of crude oil. We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $69.15-68.60 and resistance is at $70.30-71.00 today’s session. In INR crude oil has support at Rs 5,880-5,820 while resistance at Rs 6,020-6,100.”
Check latest Petrol and Diesel prices at your place on 23 December 2024
Bangalore: Petrol price: Rs 102.92 per litre, Diesel price: Rs 88.99 per litre
Gurgaon: Petrol price: Rs 95.07 per litre, Diesel price: Rs 87.93 per litre
Mumbai: Petrol price: Rs 103.50 per litre, Diesel price: Rs 90.03 per litre
Ludhiana: Petrol price: Rs 97.41 per litre, Diesel price: Rs 87.90 per litre
Guwahati: Petrol price: Rs 98.08 per litre, Diesel price: Rs 90.33 per litre
Pune: Petrol price: Rs 104.04 per litre, Diesel price: Rs 90.57 per litre
Ranchi: Petrol price: Rs 97.86 per litre, Diesel price: Rs 92.62 per litre
New Delhi: Petrol price: Rs 94.77 per litre, Diesel price: Rs 87.67 per litre
Srinagar: Petrol price: Rs 99.64 per litre, Diesel price: Rs 84.82 per litre
Surat: Petrol price: Rs 94.32 per litre, Diesel price: Rs 90.20 per litre
Chennai: Petrol price: Rs 100.80 per litre, Diesel price: Rs 92.39 per litre
Indore: Petrol price: Rs 106.55 per litre, Diesel price: Rs 91.94 per litre
(With Reuters Inputs)
Crude Oil Prices edge up; Check Petrol, Diesel Prices Today 23 December 2024 in Chennai, Gurgaon, Mumbai, Srinagar, and Hyderabad – Commodities News
As crude oil prices see a slight increase in the global market, the impact is expected to be felt on petrol and diesel prices in major cities across India. Consumers in Chennai, Gurgaon, Mumbai, Srinagar, and Hyderabad are advised to stay updated on the latest fuel prices.
In Chennai, petrol and diesel prices are likely to see a marginal rise due to the uptick in crude oil rates. Commuters in the city should keep an eye on the fuel prices at their nearest petrol pumps.
In Gurgaon, consumers may also experience a slight increase in petrol and diesel prices as the global oil market trends upward. It is advisable for residents to check the prices at their local fuel stations before filling up their tanks.
Mumbai, being a major metropolitan city, is expected to witness a similar trend in petrol and diesel prices following the rise in crude oil rates. Citizens are urged to monitor the fuel prices in the city to plan their travel expenses accordingly.
In Srinagar, where fuel prices are often influenced by various factors including transportation costs, consumers should be prepared for possible fluctuations in petrol and diesel rates due to the changing global oil market dynamics.
Hyderabad, known for its rapidly growing economy, may also see a slight increase in petrol and diesel prices as crude oil prices edge up. Residents are advised to keep a check on the fuel prices to manage their budget effectively.
Overall, with crude oil prices on the rise, consumers in Chennai, Gurgaon, Mumbai, Srinagar, and Hyderabad should stay informed about the latest petrol and diesel prices to make informed decisions about their fuel expenses. Stay tuned for more updates on commodities news.
Tags:
Crude oil prices, petrol prices, diesel prices, Chennai, Gurgaon, Mumbai, Srinagar, Hyderabad, commodities news, December 23 2024, oil market updates, fuel price trends, oil price fluctuations, fuel cost analysis
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