Petrol, Diesel Prices Today, July 20: After crude oil rate drops by Rs 104, have other fuel rates become cheaper? Check latest rates in Delhi, Bengaluru, Mumbai, Chennai and Kolkata

Petrol-Diesel Price Today: In recent times, crude oil prices have been highly volatile. On Friday, the contract for July delivery dropped by Rs 104, or 1.49 per cent, to Rs 6,869 per barrel. Globally, crude oil prices range between $82 - $85 per barrel. But has this had any impact on the prices of petrol and diesel? Have fuel rates also been reduced? Oil companies have released the latest petrol and diesel prices for July 20, 2024. Here are the current prices in major metros and selected cities across the country.

Crude Oil Prices in the Futures Market

On Friday, crude oil prices in the futures market fell by 1.49 per cent to Rs 6,869 per barrel as traders reduced their positions due to weak spot demand. The July delivery contract dropped by Rs 104 to Rs 6,869 per barrel on the Multi Commodity Exchange, with 4,210 lots traded. Globally, West Texas Intermediate crude fell 0.86 per cent to $82.11 per barrel, while Brent crude declined 0.66 per cent to $84.55 per barrel.

Current Petrol and Diesel Prices in Metro Cities

Recent Price Reductions

On March 15, the government significantly reduced petrol and diesel prices by Rs 2 per liter, considering the Lok Sabha elections. With the elections over, it remains to be seen how long these prices will stay low.

Pricing by Oil Marketing Companies

Oil marketing companies (OMCs) in India release petrol and diesel prices. Companies like Hindustan Petroleum Corporation and Indian Oil Corporation update their websites with the latest prices. Consumers can check these prices from home.

How to Check Prices from Home

To find out the current petrol and diesel prices in your city, visit the websites of the oil marketing companies or send an SMS. Indian Oil customers can send an SMS with "RSP" followed by the city code to 9224992249. BPCL customers can send "RSP" to 9223112222.