Petrol and diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru as Crude sees first weekly decline in three weeks
Petrol and diesel prices remained stable on 30 August. Although prices increased earlier in May, they have not fluctuated significantly in the last three months.
Petrol and diesel prices in major Indian cities, including Delhi, Mumbai, and Bengaluru, remained mostly unchanged on Sunday, 30 August, despite state-run Oil Marketing Companies (OMCs) revising fuel rates daily at 6:00 AM. The fuel rates have stayed stable for the past three months, largely unaffected by fluctuations in global energy prices, primarily due to the US-Iran war and the closure of the Strait of Hormuz shipping route.
The last significant fuel price revision occurred on 25 May, when petrol and diesel prices were increased by ₹2.7 and ₹2.8 per litre, respectively. On Friday, oil prices experienced a decline, marking their first weekly drop in three weeks. Brent crude, the global benchmark, settled at $89.31 per barrel, down 0.43% or 39 cents, as traders assessed Kevin Warsh's inaugural speech as chairman of the Fed and rumors of a potential agreement on shipping through the Hormuz, a critical waterway for global energy supplies.
West Texas Intermediate crude futures also saw a decline of 0.16%, or 13 cents, settling at $83.40 per barrel.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
