Petrol, Diesel Prices Today, July 24: As Oil Tops $100, Check If Fuel Rates In Your City Have Gone Up

Mumbai, July 24: Petrol and diesel prices today, July 24, remained largely unchanged across major Indian cities. Petrol price in Delhi stood at ₹102.12 per litre, while Mumbai retailed petrol at ₹111.21 per litre. Diesel prices were also steady in the two cities at ₹95.20 and ₹97.83 per litre, respectively. Bengaluru and Bhubaneswar declined, while Thiruvananthapuram posted the sharpest increase. 

Oil prices rose above the $100-a-barrel mark as escalating war in the Middle East heightened concerns over disruptions to crude supplies. 

The prospect of prolonged disruptions has increased fears of a tighter global oil market. 

The jump in crude prices comes at a time when the markets are already grappling with concerns over inflation and the future path of monetary policy.  

The rise in oil prices also weighed on global risk sentiment, contributing to fall in equities. Investors have become increasingly concerned that a prolonged period of elevated crude prices could hurt economic growth. 

For India, which gets a large share of its crude oil through imports, a sustained rise in international oil prices could have significant implications. Higher crude costs can widen the trade deficit and pressure the rupee. 

Higher fuel and transportation costs can also impact prices across sectors. 

Here is a look at the latest petrol and diesel prices across major Indian cities and state capitals. 

Petrol Prices 

Petrol prices remained largely stable across major Indian cities, with Delhi selling petrol at ₹102.12 a litre. Mumbai also held steady at ₹111.21 a litre, while Kolkata recorded a marginal increase of ₹0.01 to ₹113.51. Chennai’s petrol price was unchanged at ₹107.76 a litre. 

Petrol was priced at ₹102.97 a litre in Gurgaon and ₹102.12 in Noida. Bangalore saw a decline of ₹1.24, while Bhubaneswar recorded a drop. 

Prices in Hyderabad and Chandigarh remained unchanged at ₹115.73 and ₹101.51 a litre, respectively. Jaipur saw petrol prices rise ₹0.81 to ₹113.50, while Lucknow remained unchanged at ₹101.89. Patna recorded a decline of ₹0.76 to ₹113.37 a litre. 

Thiruvananthapuram saw the sharpest increase, with prices rising ₹1.45. Overall, fuel prices showed mixed movements. Fuel prices are revised daily based on factors including local taxes. 

Diesel Prices 

Diesel prices remained unchanged in most major Indian cities, with New Delhi steady at ₹95.20 a litre. Mumbai also saw no change, with diesel priced at ₹97.83 a litre, while Kolkata and Chennai remained unchanged at ₹99.82 and ₹99.55 a litre, respectively. 

Diesel was priced at ₹95.64 a litre in Gurgaon and ₹95.56 in Noida. Bangalore recorded a decline of ₹1.17 while Bhubaneswar saw prices fall. 

Diesel prices in Chandigarh and Hyderabad remained unchanged at ₹89.47 and ₹103.82 a litre, respectively. Jaipur recorded an increase of ₹0.72 to ₹98.50, while Lucknow’s price was unchanged at ₹95.36. In Patna, diesel became cheaper by ₹0.74, with the price falling to ₹99.36 a litre. 

Thiruvananthapuram recorded the sharpest increase. Overall, diesel prices showed mixed movements although rates remained unchanged in several key markets. 

Source

•  goodreturns.in