Now Reading: Petrol, diesel prices unchanged across major Indian cities
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Petrol, diesel prices unchanged across major Indian cities
Petrol and diesel prices remained unchanged in major Indian cities on August 15, LiveMint reported. In Delhi, petrol costs Rs 102.12 a litre and diesel Rs 95.20. Mumbai’s rates are Rs 111.21…
The Story in Brief
Petrol and diesel prices remained unchanged in major Indian cities on August 15, LiveMint reported. In Delhi, petrol costs Rs 102.12 a litre and diesel Rs 95.20. Mumbai’s rates are Rs 111.21 and Rs 97.83, while Kolkata’s are Rs 113.51 and Rs 99.82. Bengaluru prices stand at Rs 111.68 for petrol and Rs 99.56 for diesel.
Global crude prices rose as attacks on tankers and stalled US-Iran talks added to supply concerns. Brent settled at $88.52 a barrel, up 1.67%, while West Texas Intermediate rose 1.42% to $82.40. Both benchmarks were headed for weekly gains.
The Indian Opinion
Claims that every global oil-price rise immediately means higher pump prices are too simplistic, just as claims that unchanged rates prove fuel costs are insulated are misleading. Taxes, pricing decisions and international crude all matter. The immediate fact for motorists is stability, but that can change if disruptions persist through the Strait of Hormuz, which carries about 20% of global oil trade. The next weekly price update will show whether the pressure reaches Indian pumps.
Source: livemint.com
This story was synthesised by AI from the source linked above.
