The petrol and diesel prices in India continue to remain the same. On Sunday, petrol in Delhi is being sold at Rs 96.72 per litre, while diesel is retailing at Rs 89.62 per litre. Meanwhile, in Chennai, petrol is being sold at Rs 102.73 per litre, and diesel is priced at Rs 94.33 per litre.
Mumbai continues to have the highest price for petrol, trading at Rs 106.31 per litre, with diesel priced at Rs 94.27 per litre. In Kolkata, the cost of petrol remained stagnant at Rs 106.03 per litre, while diesel is being sold for Rs 92.76 per litre.
Even as the crude oil has got cheaper in the world, there were expectations in the market that the fuel prices in India might reduce. However, prices of petrol and diesel in India are unlikely to be reduced anytime soon as oil marketing companies (OMCs) have to recover accumulated losses of Rs 18,000 crore due to high crude prices in earlier quarters.
Following bank collapses in the US including Silicon Valley Bank and Signature Bank, brent crude oil prices have fallen to $75.03 per barrel, compared with over $100 per dollar a year ago. Petrol prices in India have been stagnant since May 2022, when Finance Minister Nirmala Sitharaman reduced the prices by Rs 8 per litre for petrol and Rs 6 per litre for diesel by slashing the excise duty.
Fuel rates in different cities in India on March 19 here:
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Chennai
Petrol: Rs 102.73 per litre
Diesel: Rs 94.33 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Lucknow
Petrol: Rs 96.57 per litre
Diesel: Rs 89.76 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre.
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