New petrol and diesel rates updated this morning; find out the price per liter in cities ranging from Delhi to Patna.
Petrol-Diesel Rates Today (August 8): Crude oil prices have dropped significantly this week, reaching the $82 per barrel mark. This decline is attributed to a new proposal involving Iran and Oman regarding the Strait of Hormuz.
Petrol-Diesel Rates Today (August 8): New petrol and diesel rates have been updated across the country following a sharp global decline in crude oil prices. Crude oil has slipped to the $82 per barrel level. However, despite this, there has been no change in retail petrol and diesel prices; state-run Oil Marketing Companies (OMCs) have kept rates unchanged even as global crude prices fell. Fuel prices are typically updated daily at 6 AM, but no revisions were made today.
What is the price of crude oil today?
Brent crude, the global benchmark, closed at $82.38 per barrel after falling 1.40% at the weekend close. In futures contracts, it is trading within the $81.50–$84.44 range. Meanwhile, the US benchmark, West Texas Intermediate (WTI), closed at $77.08 per barrel, recording a marginal decline of 0.27%.
Negotiations are underway regarding a potential draft agreement between Iran and Oman to partially open the Strait of Hormuz and restore the safe passage of ships and tankers for a period of 2 to 4 months. This diplomatic dialogue has somewhat reduced war-related risks in the market, leading to a weekly decline in crude oil prices.
City-wise petrol and diesel prices
| Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.18 | ₹97.83 |
| Kolkata | ₹113.47 | ₹99.82 |
| Chennai | ₹107.77 | ₹99.55 |
| Bengaluru | ₹110.93 | ₹98.80 |
| Hyderabad | ₹115.69 | ₹103.82 |
| Amritsar | ₹106.36 | ₹96.22 |
| Fatehabad | ₹104.51 | ₹97.20 |
| Patna | ₹113.35 | ₹99.36 |
Where is petrol and diesel the cheapest and the most expensive?
Fuel is cheapest in Port Blair. Here, the price of petrol is ₹88.66 per litre and diesel is ₹78.05 per litre, which is the lowest in India. In contrast, prices are highest in Andhra Pradesh, where petrol costs ₹117.88 per litre and diesel costs ₹103.95 per litre.