petrol And diesel rates A ceiling has been hit across India on Saturday, as prices across the country have been stalled for a full week. The last revision in fuel rates took place on July 17, after which there has been no further change as per the data collected from the Indian Oil Company (IOC) app. Despite no change, fuel rates across the country are at an all-time high. NS price of petrol Last time there was an increase of 26 to 34 paise in all major metro cities. Diesel prices for metros have come down by Rs 100 a litre, with the last hike in prices on July 15, with the rate increasing by 15 to 37 paise.
Petrol price in Delhi is 101.84 per liter. This is 30 paise more than its previous price. Mumbai has also seen better days as motorists have paid Rs 107.83 a liter in petrol rates, which is 26 paise more than what they paid before the hike. In Kolkata, prices have stalled at Rs 102.08 per liter – 34 paise more than a week ago. On the south side of India, the metro city of Chennai witnessed an all-time high growth with a price of Rs 102.49 per liter on 17 July. The growth of 26 paise is steady for the last seven days. Bangalore is also not deterring from the price of Rs 105.25 per litre, which was a hike of 31 paise for the city.
The diesel rates for the above mentioned cities have come down by the three digit mark and are same for the last seven days. The country’s capital Delhi is stable at Rs 89.87 per liter. The fuel pump rates in Mumbai and Kolkata are Rs 97.45 per liter and Rs 93.02 per liter respectively. In Chennai, the diesel rate that motorists faced last week still stands at Rs 94.39 per litre. Diesel rate in Bangalore is Rs 95.26 per litre.
Petrol and diesel prices are calculated taking into account national and international factors. The national factors affecting the final retail price of fuel are state-level taxes, central government excise duty on fuel as well as duties levied by state-run oil companies. However, the biggest contributor is the Value Added Tax (VAT) that is levied on fuel. Internationally, the price of crude per barrel, as well as the dollar-to-rupee exchange, play a role in the overall retail price.
Prices rose on Friday on market expectations that oil supplies would remain tight throughout the year. According to a Reuters report, at the beginning of the week, prices declined as concerns arose over the rising delta version of Covid-19.
Brent crude was up 31 cents, or 0.4 percent, and left the price per barrel at $74.10. This follows a 2.2 per cent jump on Thursday. US West Texas Intermediate (WTI) crude was up 16 cents, or 0.2 per cent, on Thursday, according to Reuters, pushing the crude oil price to $72.07 a barrel. For the week, Brent increased rates by 0.7 percent after falling for three consecutive weeks. On the other hand, WTI fell 0.4 per cent after falling for two weeks, the report said.
Check petrol and diesel prices for July 24 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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