New Delhi: Despite fluctuations in global crude oil prices, petrol and diesel rates across India remained unchanged on Tuesday. Although Brent crude prices eased in the international market, the decline has not yet impacted retail fuel prices for Indian consumers. State-run oil marketing companies (OMCs) have maintained existing fuel rates, with petrol and diesel continuing to be sold at the prices set during the last major revision.
Why are the prices of petrol and diesel stable?
In recent times, both rising and falling prices of crude oil have been seen globally. Despite this, there was no change in retail fuel prices in India. This is because government oil companies review prices keeping in mind the international market, taxes, transportation costs, and other factors.
What are the rates of petrol and diesel in your city today?
Fuel prices in major cities of the country are as follows:
| City | Petrol | Diesel |
|---|---|---|
| New Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.21 | Rs 97.83 |
| Kolkata | Rs 113.51 | Rs 99.82 |
| Chennai | Rs 107.76 | Rs 99.55 |
| Gurugram | Rs 102.97 | Rs 95.64 |
| Noida | Rs 101.96 | Rs 95.44 |
| Benguluru | Rs 110.82 | Rs 98.77 |
| Bhubneshwar | Rs 110.49 | Rs 102.15 |
| Chandigarh | Rs 101.54 | Rs 89.47 |
| Hyderabad | Rs 115.69 | Rs 103.82 |
| Jaipur | Rs112.66 | Rs 97.78 |
| Lucknow | Rs 101.86 | Rs 95.36 |
| Patna | Rs 113.53 | Rs 99.54 |
| Trinuvananthapuram | Rs 115.49 | Rs 104.40 |
Why did the prices of Brent crude soften?
Brent crude prices in the international market have softened somewhat after the recent rise. The main reason for this is believed to be the ongoing diplomatic efforts to reduce tension between America and Iran. However, due to the ongoing tension in West Asia, the oil market still remains uncertain.
What could be the impact of US-Iran tension?
The ongoing military tension between the US and Iran and growing concerns over the Strait of Hormuz have focused the global oil market’s attention on the Middle East. If the situation worsens or oil supply is affected, international crude oil prices may rise again in the coming days.
