The price of gasoline and diesel has not changed on March 7, remains stagnant for more than 120 days, in the four countries of the country, but prices in several other cities change.

There are price reshuffles in cities such as Noida, Gurugram, Jaipur and Lucknow, News18 reported. While the price of gasoline and diesel increased in Gurugram and Lucknow, the price had dropped in Noida.

In Gurugram gasoline is Rs 95.72 and Diesel Rs 86.93 per liter; Noida gasoline Rs 95.36 and Diesel Rs 86.87 per liter; Jaipur gasoline Rs 106.73 and Diesel Rs 90.40 per liter; Lucknow gasoline Rs 95.33 and Diesel Rs 86.85 per liter.

In Mumbai, cutting on November 4 reduced gasoline prices to rs 109.98 per liter, which remained unchanged. Diesel is at Rs 94.14 per liter.
The last tariff cuts exist in Delhi when reducing local sales taxes, or value added tax (VAT), on gasoline from 30 to 19.4 percent from 1 December midnight, reducing prices around Rs 8 to Rs 95.41 per liter. Gasoline in Delhi costs Rs 95.41 while the cost of diesel rs 86.67 per liter.

In Kolkata, the price of gasoline and diesel remained at Rs 104.67 and Rs 89.79. Gasoline sold at Rs 101.40 and Diesel at Rs 91.43 in Chennai.

Rally pushed oil prices to highest in almost a decade

Rally last week has pushed oil prices to highest in almost a decade without signs of intersection. As a supply of a Russian peak exporter, which sent more than 7 million barrels per day (BPD), was disrupted by sanctions after the invasion of Ukraine, high oil prices had made the equity market.

Oil surged throughout the week as the United States and the Allies stacked sanctions on Russia. Brent Futures, global benchmark for crude oil prices, barbed to almost $ 120 per barrel on March 3 as the market is limited to the purchase of Russian crude oil.

Brent crude broke over $ 100 last week for the first time since 2014 and reached $ 119.84 on March 3, the highest since 2012, and WTI exceeded $ 116, a level that was not seen back.

In Mach 4, Brent crude settled $ 118.11 per barrel, while Texas Intermediate West Crude (WTI) rose $ 8.01, or 7.4%, ended at $ 115.68.

The main impact of Russian-Ukrainian conflict is likely to continue. Biden administration, under pressure from parliamentarians from the two major parties, said he was considering the option to cut US imports from Russian oil even when trying to minimize the impact on global supply and consumers.