petrol And diesel prices Thursday remained unchanged for the 12th consecutive day across the country. This comes after the previous price hike on July 17, in which fuel rates hit an all-time high. Motorists are relieved that prices have been stable for more than a week. Although petrol prices The major metro cities have maintained their record-high prices despite the stoppages. Petrol prices were last hiked by 26 to 34 paise, while diesel prices were hiked by 15 to 37 paise in metros a week ago.
Petrol rates in major metro cities like Mumbai remain at a staggeringly high point. The Maharashtran city continues to carry a price tag of Rs 107.83 per litre. The price in Delhi on July 17 was Rs 101.84 per liter. For both the cities, it shows an increase of 26 paise and 30 paise respectively. For Kolkata, motorists have been battling for a price of Rs 102.08 per liter for over a week now. The City’s previous price hike was an increase of 34 paise for the fuel. In the south, in the metro city of Chennai, citizens are grappling with a petrol rate of Rs 102.49 per liter after the 26 paise hike on July 17. Bangalore is not doing any better as high price margins have pushed motorists out. 105.25 per liter of petrol, which is 31 paise more than before.
Diesel prices were on their way to join the triple digit mark, but have come down below the Rs 100 per liter mark since fuel prices stabilized. Diesel price in Mumbai is Rs 97.45 per litre. The price of diesel in the country’s capital Delhi is Rs 89.87 per liter. Diesel price in Chennai and Kolkata is Rs 94.39 per liter and Rs 93.02 per liter respectively. Motorists in Bengaluru city are paying Rs 95.26 per liter of diesel pump.
The final retail price of the fuel is largely the result of heavy taxation by the state and central governments. These taxes include the central government’s fuel excise duty, state-level tax and value-added tax (VAT), which forms the largest part of it. On top of this, tariffs are also levied by state-run oil companies, which leaves a heavy mark on the price that citizens have to deal with. Internationally, there are factors such as international crude oil prices and dollar-to-rupee conversion rates that play a role in determining the base price for fuel in your city.
Oil prices stabilized near $75 a barrel on Wednesday. This comes after data showed that US crude inventories had fallen to pre-pandemic levels, which indicated the market’s focus was shifting back to tight supplies rather than rising COVID-19 infection rates, a Reuters report indicated by.
Brent crude futures climbed 26 cents, or 0.4 per cent, to bring the final price of crude to $74.74 a barrel. US West Texas Intermediate (WTI) crude was up 74 cents, or 1 per cent, at $72.39. This comes after the company reported its first decline in six days on Tuesday, the report said.
Check the prices of petrol and diesel for July 29 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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