Petrol and Diesel Prices Today: West Asia is once again being engulfed by the flames of war due to ongoing hostilities between the US and Iran. Iran has announced the complete closure of the Strait of Hormuz. It is now expected that oil imports will be further disrupted, raising concerns about a potential rise in petrol and diesel prices globally.
Petrol and diesel prices in India remain stable this Thursday morning. Since May 15, prices have increased by approximately ₹8. If you are planning to purchase petrol or diesel, do not delay.
Check petrol and diesel prices in these cities
In New Delhi, the price of petrol remains steady at ₹102.12 per litre, while diesel is trading at ₹95.20 per litre. In Kolkata, the capital of West Bengal, petrol is priced at ₹113.51 per litre and diesel at ₹99.82 per litre.
In Mumbai, the capital of Maharashtra, petrol is priced at ₹111.21 per litre, while diesel is at ₹97.83 per litre. In Chennai, the capital of Tamil Nadu, petrol is selling at ₹107.77 per litre and diesel at ₹99.55 per litre.
In Noida, adjacent to Delhi, petrol is trading at ₹102.12 per litre and diesel at ₹97.56 per litre. In Chandigarh, petrol is priced at ₹101.51 per litre and diesel at ₹89.47 per litre. In Lucknow, the capital of Uttar Pradesh, petrol is priced at ₹101.89 per litre and diesel at ₹95.36 per litre.
Find out why oil prices have risen recently
According to experts, crude oil prices in the international market surged due to geopolitical tensions involving Iran and the United States. This impacted India as well, given that the country imports a significant portion of its requirements. Consequently, petrol and diesel prices have been hiked multiple times since mid-May.
Crude Oil Prices in the Global Market
It is surprising to note that crude oil prices in the global market are trading between $91 and $95 per barrel. An upward trend in prices is being observed due to escalating geopolitical tensions between the US and Iran, as well as reports regarding the closure of the Strait of Hormuz.
