With the recent upswing in global crude oil prices, fuel rates across all states, including the four major cities, have been revised. Daily changes in petrol and diesel prices reflect the impact of fluctuations in international crude oil rates and local taxes. Let’s delve into the latest updates as of March 1, 2024.
Crude Oil Price Trends
The international market is witnessing a surge in crude oil prices, with Brent Crude reaching $82.30 per barrel. This increase is now translating into changes in petrol and diesel prices domestically.
Metropolitan Rates
Looking at the rates of petrol and diesel in four major cities, Mumbai currently sells petrol at ₹106.31 and diesel at ₹94.27 per liter. In Delhi, petrol is priced at ₹96.72, and diesel at ₹89.62 per liter. Chennai sees rates at ₹102.63 for petrol and ₹94.24 for diesel. Kolkata reports petrol at ₹106.03 and diesel at ₹92.76 per liter.
Stable Rates in Madhya Pradesh
Madhya Pradesh is experiencing relatively stable petrol and diesel prices. As of March 1, 2024, petrol is priced at ₹109.67 per liter, and diesel at ₹94.85 per liter. Over the past ten days, there has been minimal fluctuation in fuel rates in the state.
Price Changes in Other States
While Madhya Pradesh maintains stability, other states showcase variations. Chhattisgarh, Bihar, Assam, and Andhra Pradesh have witnessed an increase in fuel rates. Conversely, Jharkhand, Telangana, Himachal Pradesh, and Karnataka have seen a decline in fuel prices over the last few days.
Fuel prices in India are intricately connected to global crude oil rates and domestic taxation policies. While Madhya Pradesh enjoys a period of stability, other states grapple with the impact of recent developments in international oil markets. These fluctuations underscore the dynamic nature of the energy market and its direct effect on the everyday lives of citizens. Stay tuned for further updates as the situation continues to evolve.