New Delhi, (thestates.news) The trend of rising crude oil prices in the international market continues. The decision of the Organization of Oil Producers and Allied Countries OPEC Plus to cut production by 2 million barrels per day has pushed the price of crude to close to $94 a barrel. However, public sector oil and gas marketing companies have not made any change in the price of petrol and diesel in the domestic market.
According to the website of Indian Oil, petrol remained at ₹96.72 and diesel at ₹89.62 per liter in Delhi on Thursday. Similarly, petrol is getting ₹106.31 per liter and diesel ₹94.27 per liter in Mumbai. Petrol in Kolkata is priced at ₹106.03 per liter and diesel at ₹92.76 per liter, while in Chennai, petrol is being sold at ₹102.63 per liter and diesel at ₹94.24 per liter.
It is noteworthy that the decision to cut the production of crude oil by 2 million barrels per day took its price to a three-week high. Brent crude is trending at $ 93.55 per barrel during trading in the international market, while US West Texas Intermediate (WTI) crude is trading at $ 87.90 per barrel. In fact, since the start of the Russo-Ukraine war, the price of oil reached $ 139 a barrel in March, its highest level since 2008. But, recently its price came down to below $85 a barrel.(HS):