Petrol and Diesel Prices: Fluctuations in Crude Oil Costs
In recent times, the prices of crude oil have been exhibiting some fluctuations in response to the ongoing conflict between Israel and Hamas, causing occasional spikes. However, despite these global shifts, petrol and diesel prices within India have maintained a degree of stability. Oil marketing companies continue to update rates as needed.
Global Crude Oil Trends
The global crude oil market saw a slight dip in prices during the last trading day of the week, with WTI Crude experiencing a 0.08% reduction, reaching $88.29 per barrel. Yet, amid these fluctuations in the international market, petrol and diesel prices in India have remained relatively steady.
Current Fuel Prices in Major Cities
As of today, petrol prices in Maharashtra, for instance, are consistent at ₹106.98 per liter, much like they were the previous day. Similarly, major cities across India, including Delhi, Mumbai, Chennai, and Kolkata, have witnessed only marginal changes in their fuel prices.
- In Delhi, petrol is priced at ₹96.72, while diesel costs ₹89.62 per liter.
- In Mumbai, petrol is at ₹111.35, and diesel at ₹97.28 per liter.
- In Kolkata, petrol costs ₹106.03, and diesel is at ₹92.76 per liter.
- In Chennai, petrol is priced at ₹102.63, and diesel costs ₹94.24 per liter.
Price Fluctuations in Other Cities
- Noida now has petrol at ₹96.76 and diesel at ₹89.93 per liter.
- In Ghaziabad, petrol is at ₹96.58 and diesel is priced at ₹89.75 per liter.
- Lucknow’s petrol rate is ₹96.57, and diesel is ₹89.76 per liter.
- Patna has petrol at ₹107.59 and diesel at ₹94.36 per liter.
- In Port Blair, petrol costs ₹84.10, and diesel is at ₹79.74 per liter.
Daily Price Adjustments
Every day at 6 AM, fuel prices are adjusted based on the costs of crude oil, inclusive of excise duty, dealer commissions, VAT, and other associated expenses. This results in the final retail prices which, unfortunately, tend to be much higher than the base cost of the fuels. This has been the reason behind the relatively high prices of petrol and diesel in India.
How to Check the Latest Prices
Customers can receive updates on petrol and diesel rates through SMS. By sending a message with the appropriate keywords and the city code to specific numbers provided by oil companies, individuals can stay informed about the daily fuel prices.