Petrol and Diesel Prices Revised Across Major Indian Cities
· Business · LiveMint, Economic Times
State-owned fuel retailers updated petrol and diesel prices on Thursday following a daily revision process at 6:00 AM. The adjustments include a ₹9.85 increase for petrol in Chennai and a ₹12.68 hike for diesel in Chandigarh. These changes occur as global oil prices, including Brent crude, recorded a fourth consecutive day of losses. Markets are currently reacting to potential diplomatic progress between Iran and Oman regarding the Strait of Hormuz trade route. Meanwhile, ongoing tensions in the Russia-Ukraine conflict continue to influence global energy supply concerns.
Why it matters
Daily fuel price revisions directly impact the cost of living and logistics for Indian consumers and businesses. Fluctuations in global crude benchmarks like Brent and WTI remain the primary drivers for these domestic price changes.
Read the original report — LiveMint
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.