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Petrol and Diesel Rates: There is no change in petrol and diesel prices across the country today. However, according to a report, oil marketing companies are still incurring losses per liter.

Petrol-Diesel Rate Today on June 4: Military tensions between the US and Iran have escalated again. Uncertainty remains regarding a peace agreement between the two countries. This uncertainty is putting pressure on Asian stock markets, and Brent crude oil prices are also experiencing a new surge.

According to the latest market data, Brent crude oil remains above $95. Therefore, there is uncertainty about whether there will be another increase in petrol and diesel prices in India.

Oil companies still in losses

Earlier on Monday, Moneycontrol had reported in its report that analysts say that oil marketing companies may have to increase the fuel rates by another Rs 12 to compensate for the losses.

According to analysts, despite four consecutive hikes in petrol and diesel prices last month, state-owned oil marketing companies (OMCs) are still incurring marketing losses of around Rs 5.5 per litre on petrol and Rs 4.5 per litre on diesel.

They estimate that global crude oil prices are rising due to the escalating conflict in West Asia. According to government data, the three state-owned oil companies—Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation—together are still losing approximately ₹550 crore per day. This is because they are purchasing crude oil at higher prices in the international market while selling petrol and diesel at domestically determined prices.

Petrol-diesel price today

There is no change in the prices of petrol and diesel in the country on Thursday, June 4. According to the rates released at 6 am today, fuel prices in the country have remained completely stable.

City	Petrol Price (per litre)	Diesel Price (per litre)
Delhi	Rs 102.12	Rs 95.20
Mumbai	Rs 111.18	Rs 97.83
Kolkata	Rs 113.47	Rs 99.82
Chennai	Rs 107.77	Rs 99.55
Bengaluru	Rs 110.93	Rs 98.80
Bhopal	Rs 114.54	Rs 99.64
Bhubaneswar	Rs 108.98	Rs 100.71
Chandigarh	Rs 101.51	Rs 89.47
Dehradun	Rs 100.54	96.00 rupees

Crude oil prices are rising again

According to a Bloomberg report on June 3, oil prices rose for the third consecutive day due to disruptions in peace talks between the US and Iran and Israeli attacks on Lebanon. The report also stated that Brent crude oil prices reached close to $97 per barrel, while West Texas Intermediate crude oil prices jumped more than 7% in the first two sessions of the week to reach close to $95.

The report also stated that US President Donald Trump remains hopeful of a peace deal with Iran and dismissed reports that talks have stalled due to Israeli airstrikes in Lebanon. However, the report also noted that oil prices have rebounded due to a lack of clarity on extending the current ceasefire and reopening the Strait of Hormuz. Oil prices had fallen in May amid optimism about a deal.

PC: The India Express