Petrol, diesel prices announced for January 20: Check latest fuel rates in your city

Petrol and diesel prices on January 20: Despite Brent crude oil prices falling on Friday, petrol and diesel prices in India remained largely stable on Saturday. In the country, petrol prices vary from state to state and range between Rs 96 to Rs 106, while diesel ranges from Rs 84 to Rs 94.

According to government oil companies, in Gautam Buddha Nagar district (Noida-Greater Noida) of Uttar Pradesh, the price this morning was Rs 96.79 per liter, while diesel is being sold at Rs 89.96 per liter. In Chandigarh, petrol and diesel prices remained the same at Rs 96.20 and Rs 84.26 per liter respectively.

In Lucknow, petrol prices stood at Rs 96.57 per liter and diesel prices at Rs 89.76 per litre. In Gurugram, the price was Rs 97.18 per liter and diesel increased by 33 paise to Rs 90.05.

At present, petrol is being sold at Rs 96.72 per liter and diesel at Rs 89.62 per liter in Delhi. Whereas in Mumbai petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. Whereas in Kolkata petrol is Rs 106.03 and diesel is Rs 92.76 per liter. Whereas in Chennai petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre.

In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum set the prices of petrol and diesel. This is done on a daily basis, and the rates are set according to the price of crude oil around the world.

crude oil prices

Oil prices edged slightly lower on Friday, but posted a weekly gain as concerns about the Chinese and global economies eased due to tensions in the Middle East and oil production disruptions. reuters,

Brent futures fell 54 cents to $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to $73.41.

For the week, Brent rose about 0.5% while the US benchmark rose more than 1%.

Why are fuel prices different in different states?

Rates for each day, whether new or unchanged, are announced at 6 am on that day. However, these vary from state to state; This is due to parameters like Value Added Tax (VAT), freight charges, local taxes etc.