Fuel Rates Today On March 14, 2022: Check Latest Petrol & Diesel Price

Oil rates internationally have receded marginally lower, with WTI crude down by over 2% at $106 per barrel, while Brent crude has further softened proportionately to $109.6 per barrel. Reports suggest that amid the ongoing crisis between Russia and Ukraine and consequent sanctions levied on Russia, oil will see the biggest supply shock since 1973.

There are reports that Russia is indicating that it may be willing to have negotiations with Ukraine.

However, fuel prices in India as the elections are over and the results are out, will soon be increased. As per the latest update from the IOC, petrol price in New Delhi is Rs 95.41, while the diesel price is Rs 86.67. The current petrol price in Kolkata is Rs 104.67, while the diesel price is Rs 89.79. The petrol price in Mumbai is currently Rs 109.98, while the diesel price is Rs 94.14. The current diesel price in Chennai is Rs 91.43, while the current petrol price is Rs 101.40. In Kolkata the price of petrol is retailing at Rs. 104.67 per litre, while diesel is available for Rs. 89.79/ litre.

As per reports, Russia had made an open offer to India to sell crude oil at a discounted price. However, several factors would help the government's final decision, referring to transport routes, payment channels, insurance costs for the shipments and adverse reaction from Western nations.

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