On February 27, 2024, several cities across the country experienced changes in the prices of petrol and diesel. In Bhopal, the cost of petrol surged to ₹108.65 per liter, while diesel was priced at ₹93.90 per liter.
Global Oil Market Dynamics
The global crude oil market has seen crude oil prices surpassing $80 per barrel, with Brent Crude trading at $82.50 per barrel and WTI (West Texas Intermediate) at $77.57 per barrel. Against this backdrop, oil companies released the latest fuel prices on February 27, Tuesday. Various states witnessed alterations in fuel prices, with Madhya Pradesh observing a decrease, while Arunachal Pradesh, Bihar, Chhattisgarh, Jharkhand, Maharashtra, and Tamil Nadu experienced an increase. Telangana, Rajasthan, Odisha, Karnataka, Jammu and Kashmir, Haryana, Goa, and Assam recorded a reduction.
Metro Cities Petrol-Diesel Rates
As of today, the Indian government has not made any revisions in petrol and diesel prices since May 22, 2022. Oil companies determine fuel rates daily at 6 AM based on crude oil prices. In Delhi, petrol is priced at ₹96.72 per liter, and diesel costs ₹89.62 per liter. Mumbai witnesses petrol at ₹106.31 and diesel at ₹94.27, while Kolkata has petrol at ₹106.03 and diesel at ₹92.76. In Bengaluru, petrol is ₹101.94, and diesel is ₹87.89. To stay updated, consumers can check the new rates on the Indian Oil app or iocl.com.
Fluctuations in Madhya Pradesh Cities
Several cities in Madhya Pradesh experienced a marginal decrease in fuel prices. In cities such as Agar Malwa, Anuppur, Ashoknagar, Badwani, Bhind, Chhatarpur, Damoh, Datia, Dhar, Dindori, Jabalpur, Khargone, Katni, Mandla, Morena, Narsinghpur, Sagar, Shajapur, Sehore, and Ujjain, a slight reduction was observed. On the contrary, Vidisha, Umaria, Tikamgarh, Singrauli, Shivpuri, Sheopur, Shahdol, Seoni, Satna, Raisen, Neemuch, Mandsaur, Khandwa, Jabua, Indore, Guna, Burhanpur, and Betul witnessed an increase.
Fuel Rates in Selected Madhya Pradesh Cities
Bhopal: Petrol – ₹108.65 per liter, Diesel – ₹93.90 per liter.
Indore: Petrol – ₹109.10 per liter, Diesel – ₹94.34 per liter.
Jabalpur: Petrol – ₹108.67 per liter, Diesel – ₹93.94 per liter.
Gwalior: Petrol – ₹108.58 per liter, Diesel – ₹93.84 per liter.
Ujjain: Petrol – ₹109.04 per liter, Diesel – ₹92.29 per liter.
It is essential for consumers to stay informed about fuel price variations, given their direct impact on daily commuting costs and overall economic dynamics. As the global oil market continues to evolve, keeping track of these fluctuations becomes crucial for individuals and businesses alike.