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Petrol and diesel prices remained unchanged crossed large Indian cities connected Monday, adjacent arsenic planetary crude lipid markets stayed volatile owed to escalating tensions successful the Middle East and disruptions successful cardinal shipping routes.
Petrol prices today
In Delhi, petrol continued to beryllium priced astatine Rs 94.77 per litre. Rates remained higher successful different metros, with Mumbai astatine Rs 103.50 per litre.Other large cities besides recorded petrol prices supra Rs 100 per litre, including Hyderabad (Rs 107.50), Kolkata (Rs 105.41), Bengaluru (Rs 102.92) and Chennai (Rs 100.90).
Petrol Prices (Rs/litre)
| Delhi | 94.77 |
| Hyderabad | 107.50 |
| Kolkata | 105.41 |
| Mumbai | 103.50 |
| Bengaluru | 102.92 |
| Chennai | 100.90 |
Diesel prices today
Diesel prices besides held dependable crossed the country. In Delhi, diesel was priced astatine Rs 87.67 per litre, portion successful Mumbai, it saw rates astatine Rs 90.03 per litre.Prices were higher successful respective cities, including Hyderabad (Rs 95.70), Chennai (Rs 92.39), Kolkata (Rs 92.02) and Bengaluru (Rs 90.99), arsenic per ET.
Diesel Prices (Rs/litre)
| Delhi | 87.67 |
| Mumbai | 90.03 |
| Kolkata | 92.02 |
| Chennai | 92.39 |
| Ahmedabad | 90.16 |
| Hyderabad | 95.70 |
| Patna | 91.49 |
| Bengaluru | 90.99 |
| Lucknow | 88.50 |
Stability contempt planetary volatility
The intermission successful retail substance prices comes contempt a crisp emergence successful planetary crude benchmarks. As per Reuters, Brent crude was trading supra $106 per barrel, portion US crude hovered adjacent $95, aft posting their biggest play gains since the commencement of the war.The surge has been driven by stalled bid talks betwixt the United States and Iran and continued disruptions successful the Strait of Hormuz — a captious planetary lipid transit way handling astir a 5th of the world’s lipid flows.
Limited tanker question and proviso constraints person kept markets tight.
Why prices disagree crossed cities
Fuel prices successful India are influenced by aggregate factors, with planetary crude lipid rates being the astir important driver. The rupee-dollar speech complaint besides plays a cardinal role, arsenic India imports the bulk of its crude requirements.Additionally, variations successful state-level VAT, cardinal excise duties, proscription costs, and section demand-supply conditions pb to differences successful prices crossed cities.Despite the existent stability, concerns stay implicit a imaginable revision successful substance prices if planetary crude continues to rise. According to ET, brokerage steadfast Emkay Global Financial Services has warned that immoderate archetypal hike could beryllium astir Rs 10 per litre, though it whitethorn lone partially offset losses faced by lipid selling companies.However, the authorities precocious clarified that it has nary plans to summation petrol and diesel prices.
