Petrol And Diesel Prices Remain Unchanged Across Cities

The petrol and diesel prices have remained unchanged across metro cities as per latest price notification from fuel retailers showed, as reported by Moneycontrol.

At present the prices of of petrol and diesel are Rs 102.63 per litre and Rs 94.24 per litre respectively in Chennai, while in Kolkata both fuels are prices are Rs 106.03 per litre and Rs 92.76 per litre, respectively.

As per the report, oil prices eased in early Asian trade today, on April 6, 2023 after US job openings data showed cooling labour market conditions which may hit demand. West Texas Intermediate U.S. crude was down 14 cents to 80.47 USD per barrel at 2241 GMT. On Wednesday, Brent crude futures settled up 5 cents, or 0.1 %, at 84.99 USD per barrel.

On Monday, oil prices were up by more than 6 percent after the Organization of the Petroleum Exporting Countries and allies including Russia, collectively (OPEC+), pledged voluntary production cuts.

While Saudi Arabia, the world's top oil exporter, raised the prices of its flagship crude for Asian buyers for the third straight month.

Last week US crude barrels inventory was down from 3.7 million to about 1.5 million barrels, Reuters reported citing government data.

Several state-run oil refineries, have doubled their refining margins in the nine months to December, they benefited from the lower costs of imported crude oil from Russia, according to Mint reporting
Even Petroleum Planning and Analysis Cell (PPAC) came up with same data of gross refining margin in the nine-month period.