The executive director of the IEA said while talking to reporters, China is the biggest uncertainty in the world oil market. As the country continues to re-open, Chinese demand for oil will increase by 50 percent over current demand. However, experts remain skeptical about how much of the country China will re-open and how quickly it will be unlocked. According to the International Energy Agency, if China goes to the unlocking process quickly, China’s raw energy demand will exceed India’s.
On the other hand, the world’s largest oil company, Saudi Aramco, has expressed fears that if China’s demand increases, the oil market will not be able to meet that demand. The company said there is reason to be concerned about this. The organization claims that the world will have to face considerable difficulties to meet the growing demand.
Incidentally, crude oil prices are currently around $83 per barrel. Even in such a situation, the price of fuel in the country is high. If the price of crude oil continues to increase, the people of the country will also have to buy petrol-diesel at higher rates. What is the price of fuel in any city in the country? Let’s take a look.
Fuel price update
Today Petrol Diesel Price in Kolkata: The price of petrol in Kolkata is 106 taka 03 paise per liter in Tilottama city of the country. Besides, the price of diesel per liter is Rs 92 76 paisa.
Petrol-Diesel Price Today in Delhi: Petrol costs Rs 96 65 paise in the national capital, while diesel is priced at Rs 89 82 paise per litre.
Petrol Diesel Price in Mumbai: Fuel prices are high in Mumbai, the country’s commercial city. Petrol price in this city is Rs 106 31 paisa per liter. Again the price of diesel per liter is 94 rupees 27 paise.
Petrol-Diesel Price Today in Chennai: Fuel prices are also high in the southern city of Chennai. Petrol price in this city is Rs 102 63 paise. On the other hand, diesel price in Chennai is Rs 94 24 paise per litre.