Fuel Rates Hold Steady in Major Cities as Global Crude Drops Below $80 Mark
Indian consumers continue to pay unchanged petrol and diesel prices across major metropolitan areas on July 10, despite a notable softening of international crude oil prices. This stability comes as global markets navigate continued geopolitical tensions, while Oil Marketing Companies (OMCs) maintain retail fuel rates.Global crude benchmarks have seen shifts in the past week. Brent crude hovered near $76 a barrel, while US benchmark WTI traded below $72 following volatile trading amid ongoing Middle East disputes.
Despite these underlying shifts and lingering disruptions to shipping through the Strait of Hormuz, OMCs have not announced any reduction in domestic fuel pricing today. The national market remains cautious as diplomatic talks continue between the US and Iran.
Petrol Prices Across India: Detailed City-Wise Rates
The retail price of petrol remained steady or experienced minor fluctuations across various cities on July 10.In New Delhi, the petrol rate stands at Rs 102.12, marking no change for the day. Similarly, Gurgaon and Chandigarh maintained their respective rates at Rs 102.97 and Rs 101.54. Kolkata reported a price of Rs 113.51.
Rates varied slightly across the country. While Chennai registered a minor increase (+0.17) to Rs 107.94, Bangalore recorded a slight decline (-1.24) at Rs 110.44. Bhubaneswar saw a positive change (+0.81), while Noida registered a marginal decrease (-0.07).
Petrol pricing across major hubs like Mumbai (Rs 111.21), Hyderabad (Rs 115.69), and Jaipur (Rs 112.66) remained at the full rate, reflecting the cautious market stance despite lower global crude prices.
Diesel Rates Today: Price Status in Key Markets
The diesel rates also held steady or showed negligible changes across key cities on July 10. New Delhi currently reports a diesel price of Rs 95.20, indicating no change for the day.The rate in Mumbai is listed at Rs 97.83, mirroring the stable pricing seen in Gurgaon (Rs 95.64) and Lucknow (Rs 95.36). Patna reported a diesel price of Rs 99.36, while Kolkata maintained its rate at Rs 99.82.
Markets showed slight movement compared to yesterday. Chennai saw a minor uptick (+0.16), with the diesel rate settling at Rs 99.71. Bangalore recorded a decline (-1.17) at Rs 98.39, while Bhubaneswar experienced a positive shift (+0.78) reaching Rs 101.46.
The rates in Chandigarh (Rs 89.47), Hyderabad (Rs 103.82), and Jaipur (Rs 97.78) remained unchanged today, confirming the uniformity of OMC pricing across these major consumption centers.
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