Petrol and diesel prices across major Indian cities continued to show significant differences on Saturday, August 8, with local taxes and other costs contributing to the variation in retail rates.
According to the latest city-wise data reported by Business Today, petrol was selling at ₹102.12 per litre in New Delhi, while diesel was priced at ₹95.20 per litre.
Check petrol and diesel prices in major cities
In Mumbai, petrol was priced at ₹111.21 per litre and diesel at ₹97.83 per litre.
Bengaluru recorded a petrol price of ₹111.68 per litre, while diesel was retailing at ₹99.56 per litre. In Chennai, petrol stood at ₹107.76 per litre and diesel at ₹99.55 per litre.
Kolkata motorists were paying ₹113.51 per litre for petrol, while diesel was priced at ₹99.82 per litre.
Hyderabad had the highest petrol price among the cities listed, at ₹115.43 per litre. Diesel in the city was priced at ₹103.58 per litre.
New Delhi: Petrol – ₹102.12 per litre | Diesel – ₹95.20 per litre
Mumbai: Petrol – ₹111.21 per litre | Diesel – ₹97.83 per litre
Bengaluru: Petrol – ₹111.68 per litre | Diesel – ₹99.56 per litre
Chennai: Petrol – ₹107.76 per litre | Diesel – ₹99.55 per litre
Kolkata: Petrol – ₹113.51 per litre | Diesel – ₹99.82 per litre
Hyderabad: Petrol – ₹115.43 per litre | Diesel – ₹103.58 per litre
Why fuel prices differ across cities
The retail price of petrol and diesel depends on several factors. These include international crude oil prices, the rupee-dollar exchange rate, government taxes, transportation costs and local demand and supply conditions.
The price paid by consumers also includes the cost of the petroleum product, taxes and other charges.
Crude oil prices remain in focus
International crude oil prices have remained volatile amid geopolitical tensions involving Iran and the Strait of Hormuz.
India remains particularly sensitive to changes in global crude prices because it imports about 85% of its crude oil requirement. Any major movement in international prices can therefore affect the domestic fuel market.
Motorists should check the rate displayed at their local fuel station before purchasing fuel, as online prices may differ depending on the source and the time at which the rates were updated.