Fuel Rates Today: Check Petrol & Diesel Rates In India On 19th April 2022

For the 13th day in a row, fuel and diesel prices throughout the country have remained unchanged. In New Delhi today, the price of petrol was Rs 105.41 and the price of diesel was Rs 96.67. Petrol prices in Mumbai stayed steady at Rs 120.51 and diesel prices remained unchanged at Rs 104.77. Petrol costs Rs 115.12 per litre in Kolkata today, while diesel costs Rs 99.83 per litre. In Chennai, the price of petrol remained at Rs 110.85 per litre, while diesel prices remained at Rs 100.94 per litre.

In Bangalore, the price of petrol remains steady at Rs 111.09, and the price of diesel remains unchanged at Rs 94.79. Petrol costs Rs 112.50 per litre in Bhubaneswar today, while diesel costs Rs 102.24. Petrol prices in Chandigarh stay steady at Rs 104.74 and diesel prices remain unchanged at Rs 90.83. Petrol costs Rs 119.49 per litre in Hyderabad today, while diesel costs Rs 105.49.

Today, crude oil prices rose slightly as WTI Crude Oil rose 0.21 percent to $108.4 per barrel and Brent Crude Oil rose 0.38 percent to $113.6 per barrel, and these prices are expected to remain volatile owing to rising geopolitical tensions, particularly supply risks related to Russia and rising inflationary fears.

According to a report of Kotak Securities "On Russia-Ukraine front, there are no signs of easing of tensions as fighting has intensified in port city of Mariupol while there are no efforts to restart negotiations. Supply risks are high as European Union is under pressure to restrict Russian energy exports. Increasing pressure on Russia has also kept concerns high about retaliatory moves. Amid the latest development, Russia said on Monday it had launched mass strikes overnight on the Ukrainian military and associated military targets, using its air force, missile forces, artillery and air defence systems to hit hundreds of targets across its southern neighbor (Reuters)."

And, as the price of WTI Crude has soared above $105 once again, the continuing and rising Russia-Ukraine conflict may drive prices higher in the coming weeks, influencing domestic market prices. Oil prices are expected to rise further as worries concerning stringent global supply-demand in response to the ongoing Ukraine crisis.