Fuel prices across India have shown remarkable stability on September 11, providing relief for daily commuters. Despite Brent crude hovering around $103 per barrel, there have been no significant fluctuations in retail rates over the past week. While prices remain elevated compared to previous years, the current stability offers predictability at the pump.
Nationally, the average price for petrol stands at ₹111.21 per litre, while diesel is priced at ₹97.83 per litre. This consistency is observed across most major metropolitan areas as September progresses.
City-wise Fuel Rates on September 11
Residents in major Indian cities will find the following petrol and diesel prices today:
- Mumbai: Petrol is available at ₹111.21 per litre, and diesel at ₹97.83 per litre.
- Delhi: The capital sees petrol priced at ₹102.12 per litre and diesel at ₹95.20 per litre, reflecting relatively lower costs compared to other metros.
- Kolkata: Petrol is ₹113.51 per litre, with diesel at ₹99.82 per litre.
- Chennai: Consumers will pay ₹107.78 per litre for petrol and ₹99.56 per litre for diesel.
- Bengaluru: Petrol rates are ₹110.93 per litre, and diesel stands at ₹99.80 per litre.
- Hyderabad: This city records some of the highest metro rates, with petrol at ₹115.73 per litre and diesel at ₹103.86 per litre.
Factors Influencing Fuel Prices
The stability in petrol diesel prices India is largely attributed to the consistent Brent crude oil prices. However, the rupee-dollar exchange rate also plays a critical role, as India heavily relies on imported crude. A weakening rupee can increase the cost of procurement, potentially leading to higher retail fuel prices.
Furthermore, local variations in fuel costs stem from taxes levied by both the central and state governments, which constitute a significant portion of the final price. Transportation costs and regional demand-supply dynamics also contribute to the different rates observed across cities, even within the same state. Consumers are encouraged to monitor their local rates for the most accurate information.