Gasoline and Diesel Prices Today in your city – Monday relief; Know how to MAKE MONEY on the rise in oil prices-sanewnetworks
Gasoline and diesel prices remained unchanged for the second day in a row on Monday, although prices still hit record highs. The most recent price hike occurred on Saturday, when gasoline prices were increased by 24 paise and diesel prices were increased by 15 pais.
Do you want to know the prices for diesel fuel and gasoline, have they increased and by how much? Read here to find out more. Are you worried about fluctuating fuel prices and want to buy when prices fall? You can do this whenever you are about to go out to refill your tank. Check gasoline and diesel prices on a daily basis.
You can check gasoline and diesel prices by sending SMS to 92249 92249. SMS RSP <space> Petrol pump dealer code. The dealer code can be found on the IOCL website.
See Prices for gasoline and diesel in metro cities
DELHI – On Monday, the gasoline price was Rs 91.17 and the diesel price was Rs 81.47.
MUMBAI – The gasoline price was Rs 97.57 and the diesel price was Rs 88.60.
KOLKATA – The gasoline price was Rs 91.35 and the diesel price was Rs 84.35.
CHENNAI – The price of gasoline on Sunday was 93.11, while the price of diesel rose Rs 86.45.
Gasoline and diesel prices. The common man is unlikely to find a respite as crude oil prices rise every day. Anuj Gupta, senior technical analyst at Angel Broking and expert on commodities and Forex markets, said the uptrend will only last in the short to medium term and the spike could create inflationary pressures on various commodity prices.
Oil Futures – Money Making Strategy
Gupta said Brent crude is trading at $ 65.30 and WTI at $ 62.40. While the former is expected to hit a target price of $ 68, the latter could hit $ 65 over a 1-week period. After being hit hard during the lockdown by the coronavirus pandemic, crude oil prices are currently recovering significantly, Gupta said, a trend that looks positive in the short to medium term.
At 10:36 am, MCX crude oil futures for March traded at Rs 4,600 a barrel, down 4 rupees from Friday’s previous close. He recommended buying crude oil futures at Rs 4,570. He puts a stop loss at Rs 4,520 and his target price at Rs 4,730. The rise in the price of crude oil will further increase consumers’ fuel bills.
Gasoline and diesel prices
The common man is unlikely to find a respite as crude oil prices rise every day. Anuj Gupta, senior technical analyst at Angel Broking and expert on commodities and Forex markets, said the uptrend will only last in the short to medium term and the spike could create inflationary pressures on various commodity prices.
Oil prices rose to their highest level in more than a year on Monday after the Saudi-led coalition fighting in Yemen said it had intercepted an explosive-loaded drone fired by a Houthi group linked to Iran. Hopes for stronger U.S. stimulus and easing coronavirus isolation helped support the rally after prices rose roughly 5% last week. Positive for crude oil. WTI is expected to hit $ 63 and Brent is expected to hit $ 66.