In the meeting of the Modi cabinet, on Wednesday, the government gave big relief to the oil companies. Yes, during this time it was approved to give a one-time grant of Rs 22 thousand crores to compensate the oil companies for the loss on gas. At the same time, there was a discussion about reducing the rate of petrol and diesel. With this, the price of crude oil is once again seen softening. After the fall in prices in the past, OPEC countries (OPEC) had decided to reduce production. In fact, the prices of petrol-diesel have remained at the same level for more than the last four months.

Yes, and despite the huge fluctuations in the price of crude, there was no change in the price of oil. Along with this, let us also tell you that the last time the Modi government had reduced the excise duty on the price of oil was on 22 May 2022 and at that time petrol became cheaper by Rs 8 and diesel by Rs 5 per litre across the country. With this, there has been a change in the price of oil in Maharashtra and Meghalaya. Let us tell you that in the beginning of October, the price of commercial gas cylinders was cut by the companies. At the same time, the effect of a huge package of 22 thousand crores given by the government to the government oil companies can be seen on the price of gas in the coming times.

On Thursday, the price of WTI crude fell to $ 87.15 per barrel and Brent crude was seen at $92.39 per barrel. If you want to know about the new rate of petrol and diesel, then for this oil companies give the facility to check the price through SMS. Yes and to check the rate, the consumer of Indian Oil (IOC) will have to send RSP<dealer code> to 9224992249. On the other hand, HPCL customers can SMS HP PRICE <dealer code> to 9222201122 and BPCL customers send RSP<dealer code> to 9223112222.

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