Petrol and diesel prices in India remained largely unchanged on Friday, March 13, even as global oil markets remain on edge after one of the most turbulent trading weeks in years, with Brent crude hovering near the $100-per-barrel mark as tensions around the Strait of Hormuz intensify.
Among major Indian cities, Hyderabad and Patna continue to have some of the highest petrol prices, while Delhi and Lucknow remain relatively cheaper markets, mainly due to differences in state-level taxes.
In the national capital, petrol was priced at Rs 94.77 per litre, while diesel stood at Rs 87.67 per litre, according to the latest price notification issued by state-run oil marketing companies.
Petrol and Diesel Prices in Major Cities
Fuel prices vary across cities primarily because of differences in state taxes.
Delhi
Petrol: Rs 94.77
Diesel: Rs 87.67
Mumbai
Petrol: Rs 103.50
Diesel: Rs 90.03
Kolkata
Petrol: Rs 105.41
Diesel: Rs 92.02
Chennai
Petrol: Rs 100.90
Diesel: Rs 92.48
Hyderabad
Petrol: Rs 107.50
Diesel: Rs 95.70
Bengaluru
Petrol: Rs 102.96
Diesel: Rs 90.99
Pune
Petrol: Rs 104.04
Diesel: Rs 90.57
Lucknow
Petrol: Rs 95.48
Diesel: Rs 88.64
Jaipur
Petrol: Rs 104.72
Diesel: Rs 90.21
Ahmedabad
Petrol: Rs 94.49
Diesel: Rs 90.21
Patna
Petrol: Rs 105.47
Diesel: Rs 91.49
Global Oil Prices
Brent crude hovered near the $100-per-barrel mark as tensions around the Strait of Hormuz intensify. The international benchmark eased slightly after surging more than 9% in the previous session, while US crude benchmark West Texas Intermediate traded close to $96. The sharp moves reflect growing concerns about supply disruptions as geopolitical tensions escalate in the Middle East.
Market anxiety intensified after Iran's new supreme leader, Mojtaba Khamenei, indicated that Tehran intends to ensure the Strait of Hormuz remains effectively closed. The narrow shipping route between Iran and the Arabian Peninsula is one of the world's most critical energy corridors, handling a substantial share of global oil and liquefied natural gas exports.
What Drives Petrol and Diesel Prices?
Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.
The rupee–dollar exchange rate also influences fuel prices since India imports a large portion of its crude oil requirements.
Additionally, central excise duty and state-level VAT significantly affect the final retail price of petrol and diesel, which is why rates differ across cities.
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