Fuel prices today on 8 November: Check how much petrol, diesel cost in Delhi, Bengaluru, Mumbai, Chennai — Full list
Petrol and diesel prices remained largely unchanged across major Indian cities on November 8, despite fluctuations in global crude rates amid Middle East tensions. Meanwhile, India's oil consumption surged 10% in October to its highest level since March, government data showed.
On November 8, fuel prices across major Indian cities like New Delhi, Bengaluru, Chennai and Mumbai remained largely unchanged, with only minor fluctuations observed in some areas such as Gurugram. The Finance Ministry introduced a revised duty structure on October 31, reducing the export duty on petrol to zero from ₹2.50 per litre while increasing the levy on diesel from ₹8.50 to ₹11.50 per litre.
Despite global tensions in the Middle East causing fluctuations in oil prices, Indian fuel retailers kept domestic petrol and diesel rates stable, providing relief to consumers amid geopolitical uncertainty. India's oil consumption increased by 10% in October to 20.49 million metric tonnes, the highest since March. Citing PPAC data, Reuters reported that diesel consumption surged 19% in October compared to September, while gasoline sales rose 3.5%.
Meanwhile, LPG consumption declined by around 1% in October to 2.52 million metric tonnes, a 12.3% drop from the previous year. Oil prices rose on Friday due to concerns over potential US military action against Iran, with Brent crude futures settling at $98.32 per barrel and WTI crude at $90.83 per barrel, both on track for weekly losses.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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