Petrol prices continued to fall further in the state over the next few days and recorded its lowest for the month on 16th March with OMCs charging Rs.59 sulphur 90 wdg price .29 for a litre.
The charges didn’t see any change following that and closed the month on the same price.The slump was primarily as a result of OPEC deciding to increase supply cuts till March 2020 coupled with the continuing US-China commerce warfare that is speculated to have a negative impact on the worldwide sulfur powder price financial system.
As of 2010, the density of petroleum diesel is about 0.832 kg/L (6.943 lb/US gal), about 11.6% more than ethanol-free petrol (gasoline), which has a density of about 0.745 kg/L (6.217 lb/US gal).As of Tuesday, the charges of Brent crude oil and US West Texas Intermediate (WTI) crude had been up by 6 cents and one cent respectively.
Having opened the month at the highest recorded price for the month, the charges slipped significantly sulfur price per ton 2019 within the state as a result of weak demand.
Recently, the government reduced the excise responsibility on diesel by Rs.2/Lt bringing down the diesel prices throughout the nation by Rs.2/Lt.
Diesel price in Punjab was recorded at Rs.63.forty two per litre on eight July, a slight decline when compared to the previous day’s closing price, which was recorded at Rs.63.50 per litre.Diesel prices in the country stay fixed for fifth consecutive dayIn Mumbai, the financial capital shoppers were required to shell out Rs.75.30 while in Kolkata and Chennai Rs.seventy two.29 and Rs.72.28 respectively was charged for a litre.Diesel rate remained unchanged for the subsequent couple of days earlier than slipping to Rs.sixty two.81 per litre, recording a drop of four paise per litre.