Brent crude futures closed little changed on Tuesday at $82.47. Similarly, US WTI crude oil futures also closed at $78.26 level. The day before the Palestinian armed group Hamas attacked Israel (October 6), crude oil futures were trading at $84.58 a barrel. On October 20, crude oil had advanced to the $93.79 level in just two weeks as the conflict escalated.
At the same time, US President Joe Biden responded that he is negotiating daily for the release of hostages from Hamas and hopes that they can be brought out safely. Apart from this, the International Energy Agency (IEA) published a report concluding that oil consumption will increase and the US dollar index facing a correction had a positive impact on the crude oil market. The Organization of the Petroleum Exporting Countries (OPEC) also released a similar report the other day.
Petrol and Diesel Rates
There was no significant change in petrol and diesel prices in the country on Wednesday. Petrol price in Delhi city remains unchanged at Rs 96.72 and diesel at Rs 89.62. Petrol price in Mumbai city remains at Rs 106.31 and diesel at Rs 94.27. Petrol price in Kolkata remains unchanged at Rs 106.03 per liter and diesel at Rs 92.76. Petrol price in Chennai city remains at Rs 102.63 and diesel at Rs 94.24.
Similarly, no change has been recorded in fuel prices in Kerala today. In Thiruvananthapuram, the price of one liter of petrol remains unchanged at Rs 109.73 and diesel at Rs 98.53. In Kochi, petrol price remains at Rs 107.78 and diesel at Rs 96.70. In Kozhikode district, the price of one liter of petrol remains unchanged at Rs 108.28 and diesel at Rs 97.20.