The recent volatility in global crude oil prices has led to fluctuations in the rates of petrol and diesel across various states in India. As of March 2, 2024, several regions, including Madhya Pradesh, have witnessed changes in fuel prices. This article explores the latest updates on petrol and diesel rates in different cities, shedding light on the economic dynamics affecting fuel costs.
Global Oil Market Overview: A 2% surge in crude oil prices has been observed in the global market, with Brent Crude trading at $83.55 per barrel and WTI at $79.97 per barrel. The impact of these fluctuations is reflected in the rates of petrol and diesel announced by oil companies in India.
Current Fuel Prices in Major Cities
- In the national capital, Delhi, petrol is priced at INR 96.75 per liter, while diesel costs INR 89.62 per liter.
- Mumbai reports petrol prices at INR 106.31 per liter and diesel at INR 94.27 per liter.
- Kolkata witnesses petrol rates at INR 103.03 per liter and diesel at INR 93.76 per liter.
- In Bangalore, petrol is priced at INR 101.44 per liter, and diesel at INR 87.89 per liter.
- Jaipur reports petrol rates at INR 108.48 per liter and diesel at INR 93.72 per liter.
- In the capital of Madhya Pradesh, Bhopal, petrol is priced at INR 108.48 per liter, and diesel at INR 93.75 per liter.
Fuel Price Changes in MP Cities: As of March 2, 2024, several cities in Madhya Pradesh have experienced a marginal increase in fuel prices. Alirajpur, Badwani, Chhatarpur, Hoshangabad, Indore, Jabalpur, Ratlam, and Satna have witnessed a slight hike. Chhatarpur, for instance, has seen petrol prices reach up to INR 110.50 per liter, witnessing an increase of more than INR 1.
Conversely, other cities such as Ashok Nagar, Balaghat, Khandwa, Khargone, and Seoni have observed a reduction in fuel prices.
Checking the Latest Rates: For individuals seeking real-time information on fuel prices, sending an SMS to 9224992249 with the RSP code of their city allows them to receive the current rates. The RSP code can be obtained from the Indian Oil Corporation’s official website (iocl.com).
The constant fluctuations in global crude oil prices continue to influence petrol and diesel rates across various Indian states. Keeping track of these changes is essential for individuals and businesses alike, as fuel prices play a pivotal role in determining overall economic trends. Stay informed to make well-informed decisions in the face of dynamic fuel markets.