Petrol, diesel prices today, 1 August: Fuel rates in Delhi, Mumbai, Bengaluru as Brent posts biggest monthly jump
Petrol and diesel prices today, 1 August: Retail fuel prices in India stood steady on Saturday, 31 July, with marginal changes across cities. Petrol and
Petrol and diesel prices today, 1 August: Retail fuel prices in India stood steady on Saturday, 31 July, with marginal changes across cities. Petrol and diesel prices continue to align with the prices effective after last major price revision that came about on 25 May. Hence, domestic fuel rates remained largely unchanged despite biggest monthly jump in Brent price since March. Cabinet approves Samudra Manthan scheme During times when the world is facing energy crisis due to US-Iran and Russia-Ukraine war, the Union Cabinet on Friday approved the Offshore Exploration Scheme — ‘Samudra Manthan’. To boost domestic oil and gas production, strengthen India's long-term energy security and reduce dependence on imports, the scheme, under the Ministry of Petroleum and Natural Gas has been launched with an outlay of ₹84,084 crore for implementation up to fiscal 2030–31.
The Central Sector Scheme encompasses the entire offshore exploration value chain, including large-scale seismic data acquisition, accelerated deepwater and ultra-deepwater exploratory drilling, scientific drilling in frontier basins, development of common offshore production infrastructure and the establishment of an integrated Oil and Gas Manufacturing and Services Zone. Announcing cabinet’s approval, PM Modi in a post on X, “‘Samudra Manthan’ marks a transformative leap towards strengthening India’s energy security and unlocking our vast offshore potential. By combining investment, cutting-edge technology, skilled human capital and modern infrastructure, Samudra Manthan will give fresh momentum to ‘Make in India’ and Aatmanirbhar Bharat.” State-owned oil marketing companies (OMCs) which set retail petrol and diesel rates, continue to shield consumers from fluctuations in global fuel prices. Check latest petrol and diesel price in your city on 1 August City Petrol Price Diesel Price New Delhi ₹ 102.12 ₹ 95.20 Kolkata ₹ 113.51 ₹ 99.82 Mumbai ₹ 111.21 ₹ 97.83 Chennai ₹ 107.87 ₹ 99.65 Gurugram ₹ 102.97 ₹ 95.64 Noida ₹ 101.89 ₹ 95.37 Bengaluru ₹ 111.68 ₹ 99.56 Bhubaneswar ₹ 108.97 ₹ 100.68 Chandigarh ₹ 101.54 ₹ 89.47 Hyderabad ₹ 115.73 ₹ 103.82 Jaipur ₹ 113.97 ₹ 98.96 Lucknow ₹ 101.86 ₹ 95.36 Patna ₹ 114.67 ₹ 100.61 Thiruvananthapuram ₹ 115.49 ₹ 104.40 *Source: Good Returns Brent crude price today Brent crude oil, the global benchmark, registered 1.2% gains on Friday and settled at $88 a barrel while West Texas Intermediate rose 1% to settle below $85 amid threats to energy supplies from the Persian Gulf to the Black Sea.
The BriefWire