Petrol and Diesel Prices Stable Amid Global Oil Market Fluctuations

Mumbai:September 10, 2024 – On Tuesday morning, oil prices remained stable as investors assessed the effects of Tropical Storm Francine on global oil supply. Despite ongoing concerns about potential production cuts, oil prices have shown a slight uptick due to diminished demand from China.

Current Global Oil Prices:

• Brent Crude: Rose by 16 cents to $72.00 per barrel.
• West Texas Intermediate (WTI) Crude: Increased by 12 cents to $68.83 per barrel.

According to Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas, WTI crude oil prices saw a rebound of 1% to $68.65 per barrel on Monday. This recovery is partly attributed to concerns over a potential hurricane impacting the U.S. Gulf Coast. However, the oil market has faced pressure from recent economic data showing a slowdown in major energy-consuming nations, the U.S. and China, which together account for 38% of global oil demand.

Fuel Prices in Major Indian Cities (September 10, 2024):

• New Delhi:

  • Petrol: ₹94.72 per litre
  • Diesel: ₹87.62 per litre

• Bengaluru:

  • Petrol: ₹102.86 per litre
  • Diesel: ₹88.94 per litre

• Mumbai:

  • Petrol: ₹103.44 per litre
  • Diesel: ₹89.97 per litre

• Kolkata:

  • Petrol: ₹104.95 per litre
  • Diesel: ₹91.76 per litre

• Chennai:

  • Petrol: ₹100.85 per litre
  • Diesel: ₹92.43 per litre

• Noida:

  • Petrol: ₹94.65 per litre
  • Diesel: ₹87.75 per litre

• Ahmedabad:

  • Petrol: ₹94.44 per litre
  • Diesel: ₹90.11 per litre

• Pune:

  • Petrol: ₹103.88 per litre
  • Diesel: ₹90.41 per litre

• Lucknow:

  • Petrol: ₹94.65 per litre
  • Diesel: ₹87.76 per litre

• Gurugram:

  • Petrol: ₹94.87 per litre
  • Diesel: ₹87.73 per litre

• Hyderabad:

  • Petrol: ₹107.41 per litre
  • Diesel: ₹95.65 per litre

• Shimla:

  • Petrol: ₹95.15 per litre
  • Diesel: ₹87.32 per litre

Oil marketing companies (OMCs) update fuel prices daily at 6:00 am based on global crude oil prices. With the ongoing fluctuations in the international oil market, consumers are advised to stay informed about the latest price updates in their respective regions.