Petrol Diesel Price June 16: Rates hiked on Wednesday in four metros; Expect further increase as crude up 2% on Tuesday, highest in 2 yrs

The prices of diesel and petrol were increased on Wednesday after remaining unchanged on Tuesday. The prices were last increased on Monday. It must be noted that the Oil Marketing Companies (OMCs) release the prices of diesel and petrol on a daily basis. Prior to this it was increased on Saturday. Today in Delhi, the price of petrol was increased by 25 p while that of diesel was increased by 13 paise in the four metro cities, showed Indian Oil Corporation Limited (IOCL) data.

See Zee Business Live TV Streaming Below:

If you are planning to fill your tank and want to know the current prices before stepping out of your homes, you can do it easily by doing this. You can check Petrol and Diesel price by sending SMS to 92249 92249. SMS "RSP <space>Dealer Code of Petrol Pump”. You can find the dealer code from IOCL website.  

DELHI – On Wednesday, Petrol price was at Rs 96.66 while Diesel Price was at Rs 87.41.  

MUMBAI - Petrol price was at Rs 102.82 while the Diesel Price was at Rs 94.84.  

KOLKATA - Petrol price was at Rs 96.58 while the Diesel Price was at Rs 90.25. 

CHENNAI – Petrol price was at Rs 97.91 while the Diesel Price was at Rs 92.04.  

New Delhi – SMS Text - RSP 102072  

Mumbai – SMS Text - RSP 108412   

Faridabad – SMS Text – RSP 102287    

Noida – SMS Text – RSP 155444    

Kolkata – SMS Text – RSP 119941    

Chennai – SMS Text – RSP 133593    

Ghaziabad - SMS Text – RSP 154410    

Gurgaon - SMS Text – RSP 102082    

Petrol, Diesel Price – Oil prices rose nearly 2 per cent to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021, Reuters reported.

Brent crude rose USD 1.13, or 1.6 per cent, to settle at USD 73.99 a barrel. The global benchmark during the session hit USD 74.07 a barrel, its highest since April 2019.

The outlook for crude oil remains positive globally and is expected to take a rise, Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities opines. He had told that the prices would increase in the near term that may have an impact of petrol and diesel.  While the near term targets given by Gupta for Brent Crude and WTI have almost been achieved, there is a further upside because of Global demand picking up now.