In a recent development, several states, including Bihar, Punjab, and Madhya Pradesh, have witnessed changes in petrol and diesel prices. Keeping abreast of the latest fuel rates is crucial for consumers, as they directly impact daily commuting costs and household budgets.
Global Market Dynamics
The crude oil market experienced a surge in prices on March 7, 2024, with Brent Crude reaching $82.88 per barrel, marking a 0.10% increase. Similarly, WTI (West Texas Intermediate) saw a 0.13% rise, reaching $79.03 per barrel. Oil companies promptly adjusted petrol and diesel rates to reflect these global market shifts.
Price Changes Across States
Several states observed an increase in petrol and diesel prices, while others experienced a reduction. Here’s a snapshot of the changes in different states:
- Bihar: In Patna, the price of petrol rose to Rs 107.30 per liter, and diesel reached Rs 94.09 per liter.
- Uttar Pradesh: Lucknow reported petrol prices at Rs 96.56 per liter and diesel at Rs 89.78 per liter.
- Karnataka: In Bangalore, petrol prices surged to Rs 101.94 per liter, and diesel reached Rs 87.89 per liter.
- Delhi: The national capital recorded petrol prices at Rs 96.72 per liter and diesel at Rs 89.62 per liter.
- Maharashtra: Mumbai experienced petrol prices at Rs 106.31 per liter and diesel at Rs 94.27 per liter.
Changes in Madhya Pradesh Cities
Numerous cities in Madhya Pradesh witnessed fluctuations in fuel prices:
- Bhopal: Petrol was priced at Rs 108.65 per liter, while diesel stood at Rs 93.90 per liter.
- Indore: Petrol rates were Rs 108.67 per liter, and diesel prices were Rs 93.95 per liter.
- Gwalior: Petrol prices touched Rs 108.91 per liter, and diesel rates reached Rs 94.14 per liter.
- Jabalpur: Petrol was priced at Rs 108.56 per liter, and diesel stood at Rs 93.84 per liter.
- Ujjain: The city reported petrol prices at Rs 109.14 per liter and diesel at Rs 94.37 per liter.
These changes reflect the dynamic nature of fuel prices, influenced by global market trends and local taxation policies. Consumers are advised to stay informed about these fluctuations to manage their expenses effectively. The impact of these price shifts extends beyond individual budgets, affecting various sectors of the economy. Stay tuned for further updates on fuel prices to make informed decisions about your daily commute and expenditures.