New Delhi: Retail petrol and diesel rates remained unchanged on Sunday across the country, showing no signs of relief for consumers despite a noticeable drop in the international energy market. Global crude prices, which surged to a high of 112 US dollars per barrel due to ongoing geopolitical conflicts, have corrected significantly and are currently hovering between 72 and 75 US dollars per barrel. However, this downward trend in international markets has not yet translated into lower domestic fuel prices at retail outlets.
The ongoing freeze in price revisions leaves retail rates at elevated levels across major metropolitan hubs, with petrol prices continuing to breach the 110 rupees per litre mark in several prominent cities. According to the latest pricing sheets, petrol is currently retailing at 115.69 rupees in Hyderabad, 115.49 rupees in Thiruvananthapuram, 113.51 rupees in Kolkata, 113.37 rupees in Patna, 112.69 rupees in Jaipur, 111.68 rupees in Bengaluru, and 111.21 rupees in Mumbai. Meanwhile, retail prices in the national capital Delhi stood at 102.12 rupees per litre, with Chennai at 107.76 rupees, Bhubaneswar at 108.97 rupees, Gurugram at 102.97 rupees, Noida at 101.96 rupees, Lucknow at 101.86 rupees, and Chandigarh at 101.54 rupees.
Diesel prices similarly reflected the static market trend across various states on Sunday. Thiruvananthapuram recorded a retail price of 104.40 rupees per litre, followed closely by Hyderabad at 103.82 rupees and Bhubaneswar at 100.68 rupees. In other key cities, diesel was priced at 99.82 rupees in Kolkata, 99.56 rupees in Bengaluru, 99.55 rupees in Chennai, 99.44 rupees in Noida, 99.36 rupees in Patna, 97.83 rupees in Mumbai, 97.78 rupees in Jaipur, 95.64 rupees in Gurugram, 95.36 rupees in Lucknow, and 95.20 rupees in New Delhi, while Chandigarh recorded a relatively lower rate of 89.47 rupees.
An immediate price reduction for consumers appears unlikely in the near term due to prior high-cost procurement by domestic suppliers. The petroleum ministry previously clarified that oil marketing companies are currently refining crude oil stock that was purchased earlier at highly inflated rates. This follows an aggressive pricing phase in May, during which state-run oil companies increased retail rates four times, driving up the cost of both petrol and diesel by as much as 7.5 rupees per litre nationwide to cover import losses.
