Petrol, Diesel Prices Today On July 20: Check Latest Fuel Rates In Your City As Oil Tops $90

Mumbai, July 20: Petrol and diesel prices remained largely stable across India’s major cities on Monday, with no changes reported in Delhi, Mumbai, Kolkata and several other key markets. However, a few cities witnessed marginal revisions, with petrol prices rising by up to 97 paise and diesel by as much as ₹1.02 per litre in select state capitals, while Noida and Patna saw slight reductions. 

Crude oil prices surged on Monday, with Brent crude climbing above $90 a barrel for the first time in more than a month. 

Brent crude futures rose as much as 2.4% to $90.3 a barrel. U.S. West Texas Intermediate (WTI) crude gained 2.2% to $84.3 a barrel. The rally extended last week’s sharp gains, when Brent advanced 15.9% and WTI climbed 15.5%, marking their biggest weekly increases since April and early March, respectively. 

The latest surge followed an intensification of hostilities over the weekend. Iran’s Revolutionary Guard said two oil tankers exploded in the southern Strait of Hormuz after sailing through what it described as an unsafe route. 

Shipping activity through the Strait of Hormuz—a chokepoint that handles around one-fifth of the world’s oil trade—remained subdued over the weekend. The United States has also stepped up enforcement of a naval blockade on Iranian ports, while Iran has threatened vessels that do not comply with its directives. 

Analysts said the market may not yet be fully pricing in the potential impact of prolonged disruptions to crude supplies. 

Analysts estimated that every one million barrels per day of supply disruption could add roughly $5 to $7 per barrel to oil prices. They also cautioned that global inventories are at their lowest levels in five years. 

Here’s a city-wise look at the latest petrol and diesel prices across metro cities and state capitals. 

Petrol Prices 

Petrol prices remained unchanged across most major Indian cities on Monday, with rates in New Delhi holding steady at ₹102.12 per litre, Mumbai at ₹111.21, Kolkata at ₹113.51 and Bengaluru at ₹111.68. Bhubaneswar and Chandigarh also saw no change in fuel prices. 

Among the metros, Chennai witnessed a marginal decline of 1 paisa, taking the petrol price to ₹107.76 per litre. Hyderabad also recorded a slight reduction of 4 paise, with petrol retailing at ₹115.69 per litre. 

Jaipur rose by 50 paise while Thiruvananthapuram witnessed the biggest increase—that of 97 paise. Source: Goodreturns.in 

Some state capitals, however, saw price revisions. Jaipur registered an increase of 50 paise to ₹113.19 per litre, while Lucknow’s petrol price rose by 30 paise to ₹101.89. Thiruvananthapuram recorded the sharpest hike among the listed cities, with prices climbing 97 paise to ₹115.49 per litre. 

On the other hand, Noida saw petrol prices fall by 16 paise to ₹101.96 per litre, while Patna recorded a 6-paise decline to ₹113.37. Fuel prices in India vary across states due to differences in local taxes, dealer commissions and freight charges. 

Diesel Prices 

Diesel prices remained unchanged across most major Indian cities on Monday. Rates were steady at ₹95.20 per litre in New Delhi, ₹97.83 in Mumbai, ₹99.82 in Kolkata and ₹99.55 in Chennai. Prices also remained unchanged in Bengaluru, Bhubaneswar, Chandigarh, Gurgaon and Hyderabad. 

Among the key cities, Noida recorded a marginal decline of 12 paise, taking diesel prices to ₹95.44 per litre. Patna also saw a slight reduction of 8 paise, with diesel retailing at ₹99.36 per litre. 

Jaipur went up by 47 paise while Lucknow rose 30 paise. Source: goodreturns.in 

On the other hand, Jaipur witnessed a 47-paise increase in diesel prices to ₹98.25 per litre, while Lucknow recorded a 30-paise hike to ₹95.36. Thiruvananthapuram posted the sharpest rise among the listed cities, with diesel prices climbing ₹1.02 to ₹104.40 per litre. 

Fuel prices differ from state to state as retail rates are determined by a combination of base fuel prices, freight charges, dealer commissions and state-specific taxes such as value-added tax (VAT). 

Source

•  goodreturns.in