There has been no change in the prices of petrol and diesel on July 19. There has been no change in fuel rates nationwide since the price hike on Saturday. Today marks the second day of stabilization of petrol and diesel prices in cities across India. Having said that, fuel prices The whole country has reached new heights. Many metro cities are either approaching or crossing the Rs 105 per liter mark for petrol. diesel prices Not doing any better as they are close to the Rs 100-litre mark. The highest so far in the last two months has seen a price hike of up to Rs 11. on 17th July, petrol prices There was an increase of 26 to 34 paise, while the previous diesel prices saw a hike of 15 to 37 paise.
Petrol in Mumbai city is currently priced at Rs 107.83 per liter. It is up 26 paise from its previous price point. Petrol prices in the country’s capital Delhi are stable at Rs 101.84 per liter, which is 30 paise more than the previous pump price. The situation in Chennai and Kolkata is no better as both have maintained the price of Rs 102.49 per liter and Rs 102.80 per liter respectively. In both the cities, drivers are increasing by 26 paise and 34 paise respectively. In the start-up hub, Bangalore, motorists have been battling for a petrol price of Rs 105.25 per liter since Saturday. This puts an increase of 31 paise for petrol in the city.
In diesel prices today, they remain unchanged since the previous price hike on July 15. Diesel rate in Mumbai remains at Rs 97.45 per litre. Diesel price in Delhi remains stable at Rs 89.87 per litre. Diesel price in Chennai is close to Rs 100 per liter with the rate of Rs 94.39 per litre. Motorists in Kolkata are facing diesel rates of Rs 93.02 per litre. Bangalore is hosting a higher price of diesel at Rs 95.26 per litre.
The bulk of today’s fuel rates can be attributed to government-based taxes. A major part of the prices goes into state-wise taxes, central government taxes, excise duty and value-added tax. The base price, on the other hand, depends on the international crude oil prices and the cost per barrel in the international market as well as rupee-to-dollar exchange rates.
Oil prices fell more than 1 percent on Monday, as the OPEC+ producers’ group struck an agreement over the weekend to boost output after an earlier deal broke down due to objections from the United Arab Emirates (UAE), said a Reuters report. Brent crude was down $1, or 1.4 percent. This dropped the price tag to $72.59 a barrel by 0037 GMT. US oil was down 94 cents, or 1.3 percent, at $70.87 a barrel, according to the report.
The report also mentioned that OPEC+ ministers on Sunday agreed to increase oil supplies from August. This was done in an effort to drive down prices that earlier this month climbed to the highest level in nearly two-and-a-half years in the wake of the Covid-19 pandemic and recovery in the global economy. According to Reuters, the group has agreed to new production shares from May 2022.
Check the prices of petrol and diesel for July 19 in the table below:
| city | Petrol (Rs.) | Diesel (Rs.) |
| Mumbai | Rs 107.83 | Rs 97.45 |
| Delhi | Rs.101.84 | Rs 89.87 |
| Kolkata | Rs 102.80 | Rs 93.02 |
| Chennai | Rs 102.49 | Rs 94.39 |
| Bangalore | Rs 105.25 | Rs 95.26 |
| Jaipur | Rupee. 108.71 | Rs 99.02 |
| Bhopal | Rs 110.20 | Rs 98.67 |
| Hyderabad | Rs 105.83 | Rs 97.96 |
| Pune | Rs 107.39 | Rs 95.54 |
| Gurgaon | Rs 99.46 | Rs 90.47 |
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