Despite a huge drop in crude oil prices in the global market, government oil companies have increased the prices of petrol and diesel on Monday morning. Today, changes in retail oil prices are visible in many cities from UP to Bihar. Earlier, the government had also increased the excise duty on petrol and diesel by about Rs 2 at the beginning of this month. Currently, the price of crude in the global market is around $ 65 per barrel.

According to government oil companies, petrol has become cheaper by 25 paise and is being sold at Rs 94.87 per liter in Gautam Buddha Nagar district of UP. Diesel has also fallen by 28 paise and has reached Rs 89.01 per liter. However, in the neighboring district Ghaziabad, petrol has become costlier by 26 paise and is being sold at Rs 94.70 and diesel has increased by 30 paise to Rs 87.81 per liter. In Bihar’s capital Patna, petrol has increased by 13 paise and is being sold at Rs 105.60 per liter, while diesel has become costlier by 11 paise and is being sold at Rs 92.43 per liter.

Talking about crude oil, its prices have also seen a decline in the last 24 hours. The price of Brent crude in the global market has fallen to $64.81 per barrel. The rate of WTI has also fallen to $61.55 per barrel.

Petrol and diesel prices in the four metros’

– Petrol in Delhi is Rs 94.72 and diesel is Rs 87.62 per liter
– Petrol in Mumbai is Rs 103.44 and diesel is Rs 89.97 per liter
– Petrol in Chennai is Rs 100.76 and diesel is Rs 92.35 per liter
– Petrol in Kolkata is Rs 104.95 and diesel is Rs 91.76 per liter

Rates have changed in these cities

– In Ghaziabad, petrol has become Rs 94.70 and diesel Rs 87.81 per liter.
– In Noida, petrol has become Rs 94.87 and diesel Rs 88.01 per liter.
– In Patna, petrol has become Rs 105.60 and diesel Rs 92.43 per liter.

New rates are released every morning at 6 am.

The prices of petrol and diesel change every day at 6 am. The new rates come into effect from 6 am. After adding excise duty, dealer commission, VAT and other things to the price of petrol and diesel, its price becomes almost double of the original price. This is the reason why the prices of petrol and diesel appear so high.

Related Articles:-

New Namo Bharat train will soon run between these routes, check route & More

Mobile users alert! This company has reduced the validity of recharge plans

Public Holiday- Government has declared holiday for all schools, colleges and offices today

The post Petrol-Diesel Price Update: New prices of petrol and diesel released Today, note the latest rate first appeared on Rightsofemployees.com.

Recently it reached 2,830 dollars. In India too, the price of gold had reached Rs 84,900 per 10 grams. The reason for this is said to be the tariff policy of US President Donald Trump. Commodity experts say that given the uncertainty in the global economy, the rise in gold is expected to continue.

After the closure of the Sovereign Gold Bond ( SGB ) scheme, now the only options left for investing in gold are Gold ETF and Gold Mutual Fund . Investments can be made in both of these in the secondary market. If needed, you can easily sell the investment. Investing in both of these options is easier than investing in physical gold, because in these you do not have to worry about the purity of gold.

Gold ETF

Gold ETF tracks the prices of physical gold. This means that the prices of gold ETF fluctuate according to the fluctuations in gold prices. The value of gold ETF is based on the price of gold. This is because gold ETF invests its money in physical gold. The value of one unit of gold ETF is equal to one gram of gold.

Gold ETFs are listed in the stock markets. Therefore, investing in them is safe. They also have good liquidity. A demat account is necessary to invest in gold ETFs. Apart from this, there is an entry load on investing in gold ETFs. There is an exit load on selling.

Gold Mutual Fund

Gold mutual funds are open-ended funds that invest in units of gold ETFs. Every gold mutual fund has a fund manager who takes investment decisions. The units in a gold mutual scheme have a net asset value (NAV). Since the assets of a gold mutual fund are managed by a fund manager, its returns can be higher than the returns of gold in the long term. The expense ratio of a gold mutual fund is slightly higher than that of a gold ETF.

One can invest in Gold Mutual Fund with less money as compared to Gold ETF. This makes it easier for retail investors to invest in it. A demat account is also not required to invest in Gold Mutual Fund. According to Value Research, the one-year return of Gold Mutual Funds is 29.45 percent.

Related Articles:-

• ATM Withdrawal Charges: ATM cash withdrawals to become costly? RBI plans to raise interchange fee
• RBI publishes latest status of withdrawal of ₹2000 Denomination Banknotes
• E-Shram: One Stop Solution for Unorganised Workers
• Center has approved 04 Start-Ups in the field of Technical Textiles
• PM to visit Maha Kumbh Mela in Prayagraj on 5th February

The post SGB Scheme Closed: Govt closed ‘Sovereign Gold Bond’ scheme, now which is the best scheme for investing in gold? first appeared on Rightsofemployees.com.

However, oil prices remain stable even today in the four metros of the country like Delhi-Mumbai. According to government oil companies, petrol has fallen by 22 paise and has become Rs. In Ghaziabad too, today petrol became cheaper by 18 paise and reached Rs 96.26 a liter while diesel became cheaper by 17 paise to Rs 89.45 a litre. Petrol price in Gurugram today increased by 6 paise to Rs 97.10 a litre, while diesel has gone up by 5 paise to Rs 89.96 a litre.

Talking about crude oil, its prices are showing a rise in the last 24 hours. The price of Brent crude has increased by about $ 1 to $ 72.70 per barrel. The rate of WTI is also running with an increase today at $ 68.77 per barrel.

Petrol-diesel prices in all four metros

•  Petrol Rs 96.65 and Diesel Rs 89.82 per liter in Delhi
• Petrol Rs 106.31 and Diesel Rs 94.27 per liter in Mumbai
• Petrol Rs 102.63 and Diesel Rs 94.24 per liter in Chennai
• Petrol Rs 106.03 in Kolkata and diesel Rs 92.76 per liter

Rates changed in these cities

• Petrol in Lucknow has become Rs 96.35 and diesel Rs 89.55 per litre.
• Petrol has become Rs 96.26 and diesel Rs 89.45 per liter in Ghaziabad.
• Petrol has become Rs 97.10 and diesel Rs 89.66 per liter in Gurugram.

New rates are released every morning at 6 am

Every day at 6 am, there is a change in the prices of petrol and diesel. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission, VAT and other things to the price of petrol and diesel, its price almost doubles from the original price. This is the reason why the prices of petrol and diesel appear so high.

You may also like

The post Petrol Diesel Prices Released: The price of crude oil has increased, the prices of petrol and diesel have changed, check today’s rate first appeared on Rightsofemployees.com.