Petrol prices in Delhi on Friday, March 27 remained steady. This comes as a great relief to consumers amid the ongoing fluctuations in global crude oil markets.
Petrol price in Delhi today stands at $94.77 per liter, unchanged from the previous day. Likewise, diesel prices remained stable today compared to yesterday.
However, Nayara Energy has raised petrol prices by $5 per liter and diesel prices $3 per litre, according to a PTI report.
Retail prices of petrol and diesel have been frozen since April 2022, with state-run Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing losses when crude oil prices are high and making profits when prices are low.
Meanwhile, petrol prices today, March 27, in Bangalore $102.96 per litre, Chennai $100.84 per litre, Hyderabad $107.46, Kolkata $105.45 Mumbai City $103.54.
Diesel prices today, March 27, in Bangalore $90.99 per litre, Chennai $92.39 per litre, Hyderabad $95.70 per litre, Kolkata $92.02 per litre, Mumbai city $90.03 per litre.
India depends on imports for about 88% of its crude oil needs and nearly half of its natural gas needs, most of which is transported through the Strait of Hormuz. Following US and Israeli attacks on Iranian government, military and nuclear facilities, Iran warned shipping away from the strait and insurance companies withdrew coverage, effectively halting tanker movements, PTI reported.
