Global Crude Oil Prices Influence Fuel Costs
Crude oil prices around the world affect fuel prices in India, with even a slight change in the international oil market being reflected in the prices of petrol and diesel. On October 17th, global crude oil prices saw a 0.48% increase, leading to oil companies updating petrol and diesel prices in India.
Stable Petrol and Diesel Rates
However, despite the rise in global crude oil prices, domestic oil companies have managed to keep petrol and diesel prices stable. This is a relief for consumers as consistent prices provide some predictability in their budgets.
Current Fuel Prices Across Major Indian Cities
Here is the current petrol and diesel prices in various major cities across India:
- In New Delhi, petrol is priced at ₹96.72 per liter, and diesel is at ₹89.62 per liter.
- In Kolkata, petrol costs ₹106.03 per liter, and diesel is ₹92.76 per liter.
- Mumbai sees petrol at ₹106.31 per liter, and diesel at ₹94.27 per liter.
- Chennai’s petrol price is ₹102.63 per liter, with diesel at ₹94.24 per liter.
- Bangalore reports petrol at ₹101.94 per liter, and diesel at ₹87.89 per liter.
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Fuel Prices in Other Cities
Here are petrol and diesel prices in some other cities:
- Noida: Petrol at ₹96.53 per liter, diesel at ₹89.71 per liter.
- Gurugram: Petrol at ₹97.10 per liter, diesel at ₹89.96 per liter.
- Patna: Petrol at ₹107.24 per liter, diesel at ₹94.04 per liter.
- Lucknow: Petrol at ₹96.57 per liter, diesel at ₹89.76 per liter.
- Jaipur: Petrol at ₹108.48 per liter, diesel at ₹93.72 per liter.
- Hyderabad: Petrol at ₹109.66 per liter, diesel at ₹97.82 per liter.
- Chandigarh: Petrol at ₹96.20 per liter, diesel at ₹84.26 per liter.
The Connection Between Crude Oil and Petrol/Diesel Prices
It’s important to understand that India imports crude oil from other countries. The various oil refineries in the country process this crude oil to produce petrol and diesel. One barrel of crude oil contains approximately 158.98 liters, and it is from this crude oil that petrol and diesel are derived.
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