As the sun rises on another Saturday morning, the familiar ritual of updating petrol and diesel prices unfolds across towns and cities, both big and small, throughout the country. But behind these routine updates lies a deeper understanding of how these prices impact the lives of ordinary citizens. Let’s take a closer look at the factors at play.
The Price Puzzle:
Petrol and diesel prices aren’t arbitrary numbers—they’re intricately tied to the global market for crude oil. Yet, it’s not just the ebb and flow of international prices that determine what we pay at the pump. Government oil companies like Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, and Hindustan Petroleum Corporation Limited also factor in taxes, VAT, and commissions, adding layers to the price puzzle.
Stability in Uncertain Times:
Despite the volatility of crude oil prices, there’s been a surprising stability in the national prices of petrol and diesel since May 2022. Fixed daily at 6 am, these prices offer a sense of consistency in an otherwise unpredictable market. However, it’s essential for consumers to stay informed and check the latest rates before refueling their vehicles.
But what do these numbers mean for everyday people? For commuters, they represent the cost of getting to work, running errands, and visiting loved ones. For businesses, they impact transportation costs, supply chains, and ultimately, the prices of goods and services. And for families, they’re yet another expense to budget for in an already tight financial landscape.
A Call for Awareness:
In the face of fluctuating petrol and diesel prices, awareness is key. By staying informed about the latest rates, consumers can make more informed choices about when and where to refuel, helping them manage their budgets more effectively. It’s a small but essential step towards financial empowerment in uncertain times.
As we navigate the ups and downs of the economy, let’s not lose sight of the human impact behind the numbers on the business desk. Every fluctuation in petrol and diesel prices has real consequences for real people—whether it’s a longer commute, higher transportation costs for businesses, or added strain on family budgets. By understanding the factors at play and staying informed, we can better navigate these challenges and work towards a more stable and equitable future for all.
Petrol and diesel prices in metro city
In the national capital Delhi, the price of one liter petrol is Rs 96.72 and the price of diesel is Rs 89.62 per liter.
In the country’s financial capital Mumbai, the price of petrol is Rs 106.31 per liter and the price of diesel is Rs 94.27 per liter.
The price of petrol in Kolkata remains at Rs 106.03 per liter and the price of diesel remains at Rs 92.76 per liter.
In Chennai, the price of petrol remains at Rs 102.63 per liter and the price of diesel remains at Rs 94.34 per liter.
Price of petrol and diesel in other cities of the country
Noida: Petrol Rs 97.00 per liter and diesel Rs 90.14 per liter
Gurugram: Petrol Rs 96.89 per liter and diesel Rs 89.76 per liter
Bengaluru: Petrol Rs 101.94 per liter and diesel Rs 87.89 per liter
Chandigarh: Petrol Rs 96.20 per liter and diesel Rs 84.26 per liter
Hyderabad: Petrol Rs 109.66 per liter and diesel Rs 97.82 per liter
Jaipur: Petrol Rs 108.48 per liter and diesel Rs 93.72 per liter
Patna: Petrol Rs 107.24 per liter and diesel Rs 94.04 per liter
Lucknow: Petrol Rs 96.47 per liter and diesel Rs 89.66 per liter