New Delhi: Rising tensions between Israel and Iran are now being felt across global energy markets, pushing crude oil prices back above $76 per barrel. Though Indian oil marketing companies (OMCs) have largely kept petrol and diesel prices unchanged in major metros, minor rate cuts have been observed in some smaller cities this week.
If global crude oil prices continue their upward trajectory, Indian fuel prices may soon be revised upwards, potentially impacting consumers at the pump.
Here’s the latest update on petrol and diesel rates across major Indian cities.
Petrol and Diesel Prices in Metro Cities
Price Trends in Other Key Cities
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Ghaziabad (UP):
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Petrol: ₹94.53 (↓ 12 paise)
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Diesel: ₹87.71 (↓ 14 paise)
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Lucknow (UP):
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Petrol: ₹94.57 (↓ 12 paise)
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Diesel: ₹87.67 (↓ 14 paise)
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Patna (Bihar):
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Petrol: ₹88.80
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Diesel: ₹92.44 (↓ 7 paise)
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How Petrol & Diesel Prices Are Determined
For those unaware, petrol and diesel prices in India are revised daily at 6:00 AM. The final retail price includes:
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Excise duty
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Dealer commission
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Value Added Tax (VAT)
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Freight and other charges
These add-ons nearly double the basic cost of fuel, which explains the high prices seen at the pump despite global fluctuations.
Looking Ahead
With global crude oil rates seeing upward pressure, analysts warn that Indian fuel prices may also witness hikes if the trend continues. Consumers are advised to monitor prices regularly, especially as geopolitical tensions remain high in oil-producing regions.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
