Petrol and diesel prices remained unchanged across India on Tuesday, even as global crude prices held steady after falling more than 2% in the previous session. Brent crude was around $92.16 a barrel, while US West Texas Intermediate crude traded near $85.02.
Global oil markets remain focused on the impact of expanded US sanctions on Iran and how Tehran could respond. The situation around the Strait of Hormuz is also keeping traders attentive, with any disruption to oil shipments potentially pushing crude prices further up.
In India, the government has said petrol and diesel supplies remain adequate and urged consumers not to panic-buy fuel amid the ongoing disruption in the Middle East. Retail fuel prices have remained unchanged despite the movement in global crude.
Also Read: Oil Prices On August 25: Brent Crude Back Near $92 After 2% Drop As US Tightens Iran Pressure
Petrol prices on August 25
- Petrol price in Delhi: Rs 102.12/litre
- Petrol price in Kolkata: Rs 113.51/litre
- Petrol price in Mumbai: Rs 111.21/litre
- Petrol price in Chennai: Rs 108.01/litre
- Petrol price in Hyderabad: Rs 115.73/litre
- Petrol price in Bengaluru: Rs 110.89/litre
Diesel prices on August 25
- Diesel price in Delhi: Rs 95.20/litre
- Diesel price in Kolkata: Rs 99.82/litre
- Diesel price in Mumbai: Rs 97.83litre
- Diesel price in Chennai: Rs 99.66/litre
- Diesel price in Hyderabad: 103.82/litre
- Diesel price in Bengaluru: 98.80/litre
What Drives Petrol and Diesel Prices?
There are several other factors, such as the rupee-dollar exchange rate, refining costs, taxes, dealer margins, and others, which are considered by state-run oil marketing companies for determining fuel prices daily, apart from the international crude prices; thus, while Brent and WTI prices remain volatile, the same have not affected domestic fuel prices yet.
Also Read: Oil CEOs See Market Split With Bearish Crude, Bullish Fuels
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