Fuel prices have undergone revisions in various states, including Madhya Pradesh, due to recent changes in crude oil prices. As of March 5, 2024, petrol and diesel rates have been updated, impacting regions like Damoh, Dhar, and other districts. This article explores the shifts in fuel prices and their implications on consumers.
Crude Oil Market Update
On March 5, 2024, a marginal decrease of 0.17% in Brent crude oil prices was observed, reaching $82.66 per barrel. Additionally, WTI crude oil prices experienced a 0.32% decline, reaching $78.49 per barrel. These fluctuations contribute to the adjustments in petrol and diesel prices globally.
Changes in Various States
Fuel companies released updated rates at 6 AM, affecting petrol and diesel prices across states like Andhra Pradesh, Bihar, Chhattisgarh, Goa, Karnataka, Kerala, Manipur, Odisha, Tamil Nadu, Telangana, and West Bengal. While some states saw an increase, others experienced a marginal reduction. Consumers can check the new rates by sending an SMS with the RSP code to 92249 92249.
Fuel Price Changes in MP Districts
Several districts in Madhya Pradesh witnessed alterations in petrol and diesel prices on March 5, 2024. Notable changes include an increase of 80 paise in Damoh, 77 paise in Dhar, 59 paise in Gwalior, 71 paise in Jhabua, 1.11 rupees in Mandsaur, and 1.08 rupees in Narsinghpur. Other districts like Ujjain, Vidisha, Sehore, and Satna also observed an increase.
Selected City Rates in MP
- Gwalior: Petrol – ₹109.17 per liter, Diesel – ₹94.39 per liter.
- Bhopal: Petrol – ₹108.65 per liter, Diesel – ₹93.90 per liter.
- Indore: Petrol – ₹108.58 per liter, Diesel – ₹93.86 per liter.
- Ujjain: Petrol – ₹109 per liter, Diesel – ₹94.25 per liter.
The fluctuations in fuel prices are a result of dynamic changes in the global crude oil market. While some regions experience a rise in petrol and diesel rates, others witness a slight reduction. Consumers are encouraged to stay informed about these changes to manage their budgets effectively.
Note: Fuel prices are subject to change based on market dynamics. Local variations may occur, and consumers are advised to check with local fuel stations for real-time rates.