Crude oil costs are rising right now. The cost of petrol and diesel hasn’t changed in the meantime in the state’s various cities and around the nation. Petrol costs Rs 107.71 per litre and diesel costs Rs 96.52 per litre in Thiruvananthapuram. The cost of gasoline is Rs 105.38 per litre in Kochi and the cost of diesel per litre is Rs 94.38. Petrol price in Kozhikode is Rs 105.82 per liter and diesel is Rs 94.82 per liter today. In New Delhi, a litre of petrol now costs Rs 96.72 and t he price of diesel is Rs 89.62 per litre. In Mumbai, the petrol price is Rs 106.31 a litre and that of diesel is Rs 94.27.
Fuel prices are modified in line with international crude benchmark prices and currency exchange rates by public sector corporations such as Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL).
Economic Activities Around the world
Saudi Arabia has made the decision to lower the cost of fuel provided to Asian nations. US crude stocks increase following refinery closures Similarly, US natural gas prices, which had been under selling pressure for five straight days, had increased 4% in the previous day. In Norway, 88% of the automobiles sold are electric vehicles, according to a report. China relaxes its limits on Australian coal imports.
Last year, fuel sales brought in 115 billion US dollars for Iraq. Last year, exports totaled 1.209 billion barrels. A daily average of 3.320 million barrels were exported from Iraq. Iraq’s petroleum sales generated 42 billion US dollars in income in 2020. In 2021, however, it will increase to US$ 75.6 billion due to COVID. Iraq, which has the fifth-largest oil reserves in the world, has 145 billion barrels of crude oil reserves.
Fuel Prices in a Glance
| City | Petrol (Rs.) | Diesel (Rs.) |
| Thiruvananthapuram | 107.71 | 96.52 |
| Kochi | 105.38 | 94.38 |
| Kozhikode | 105.82 | 94.82 |
| New Delhi | 96.72 | 89.62 |
| Mumbai | 106.31 | 94.27 |
