Petrol and Diesel Prices Increase Despite Global Crude Price Decline; Rates Rise in UP and Bihar. New prices effective from April 14th, changes implemented daily at 6 AM.
Petrol Diesel Price Today: India witnessed another increase in petrol and diesel prices, despite a fall in global crude oil prices. State-owned oil companies released new petrol and diesel prices on Monday, April 14th, showing price increases in several states and cities. This change comes at a time when global crude oil prices remain below $65 per barrel.
Price Hike Despite Crude Oil Price Decline
Despite the fall in global crude oil prices, petrol and diesel prices in the Indian market have increased. Brent crude prices fell to $64.81 per barrel in the last 24 hours, while WTI crude prices also reached $61.55 per barrel.
Prices According to New Rates
Uttar Pradesh (UP)
Gautam Buddha Nagar: Petrol ₹94.87 (25 paise cheaper) and Diesel ₹89.01 (28 paise cheaper)
Ghaziabad: Petrol ₹94.70 (26 paise more expensive) and Diesel ₹87.81 (30 paise more expensive)
Bihar (Patna)
Petrol ₹105.60 (13 paise more expensive)
Diesel ₹92.43 (11 paise more expensive)
New Petrol and Diesel Prices in Major Indian Cities
Delhi: Petrol ₹94.72, Diesel ₹87.62 per litre
Mumbai: Petrol ₹103.44, Diesel ₹89.97 per litre
Chennai: Petrol ₹100.76, Diesel ₹92.35 per litre
Kolkata: Petrol ₹104.95, Diesel ₹91.76 per litre
What is the Reason?
Petrol and diesel prices are always determined based on excise duty, dealer commission, VAT, and other taxes. Furthermore, by the time a change in petrol and diesel prices occurs, local taxes and other expenses are added to the crude oil price, resulting in price variations.
When are the New Rates Released?
New petrol and diesel prices are released every day at 6 AM and become effective immediately. Subsequently, fuel is sold across the country according to these new prices.
