New Delhi: Petrol and diesel prices in India have once again remained stable. There has been no change in the prices of petrol and diesel since May. Due to tensions in the Middle East, crude oil prices in the global market surged, leading to an increase in petrol and diesel prices across many countries. This impact was also felt in India, where petrol and diesel became significantly more expensive.
Although crude oil prices have since decreased in the international market, there has been no relief in India yet. As of this morning, October 30, there has been no change in petrol and diesel prices. You may want to check the city-specific prices before filling up your vehicle’s tank to avoid any confusion.
Check prices in these major cities.
In the national capital, New Delhi, the price of petrol is ₹102.12 per litre, while diesel is priced at ₹95.20 per litre. In the financial capital, Mumbai, petrol is priced at ₹111.21 per litre, and diesel is at ₹97.83 per litre.
In Chennai, the capital of Tamil Nadu, petrol is priced at ₹107.76 per litre, while diesel is at ₹99.55 per litre. In Kolkata, the capital of West Bengal, petrol is priced at ₹113.51 per litre, and diesel is at ₹99.82 per litre.
In Bengaluru, the capital of Karnataka, petrol is priced at ₹111.68 per litre, while diesel is at ₹99.56 per litre. In Hyderabad, the capital of Telangana, petrol is priced at ₹116.15 per litre, and diesel is at ₹104.23 per litre.
Decline in Crude Oil Prices
Crude oil prices saw a decline following a period of volatility. Hopes for peace talks between the United States and Iran have, to some extent, eased concerns regarding potential supply disruptions caused by escalating regional conflict in the Middle East.
Meanwhile, Brent crude futures fell by 44 cents to close at $114.88 per barrel. U.S. West Texas Intermediate (WTI) crude futures dropped by 78 cents (0.76%) to close at $102 per barrel. Overall, a decline was recorded.
At what time are the prices released?
For your information, Indian petroleum companies release petrol and diesel prices every morning. Several key factors are taken into account when determining these rates. The prices are set by considering fluctuations in the global crude oil market, taxes imposed by the central government, and state-level VAT. Indian petroleum companies release the prices at 6:00 AM. Before purchasing petrol or diesel, you can check the prices by visiting the official website.
