Petrol, diesel prices today: How costly is fuel in Delhi, Mumbai, Bengaluru as crude oil rises on elusive Iran-Oman deal
Petrol and diesel prices today, 10 August: Retail petrol and diesel prices across major Indian cities held steady today even as crude oil price rose
Petrol and diesel prices today, 10 August: Retail petrol and diesel prices across major Indian cities held steady today even as crude oil price rose on elusive Iran-Oman deal on Strait of Hormuz. State-owned fuel retailers kept rates largely unchanged across major cities like Delhi, Mumbai, Bengaluru and Patna. Fuel rates set by state-run Oil Marketing Companies (OMCs) continue to align with the last major price revision that came about over two months ago, on 25 May. Consumers continue to be shielded from market fluctuations and remain insulated from volatility in oil prices. Fuel rates update daily at 6:00 AM under dynamic pricing but remain unchanged at major metros. Also Read | 7 things that changed for Indian stock market overnight Check latest petrol and diesel price in your city on 10 August City Petrol Price Diesel Price New Delhi ₹ 102.12 ₹ 95.20 Mumbai ₹ 111.21 ₹ 97.83 Gurugram ₹ 102.97 ₹ 95.64 Bengaluru ₹ 111.68 ₹ 99.56 Chennai ₹ 107.77 ₹ 99.55 Bhubaneswar ₹ 108.97 ₹ 100.68 Chandigarh ₹ 101.54 ₹ 89.47 Patna ₹ 114.55 ₹ 100.49 Jaipur ₹ 113.19 ₹ 98.25 Thiruvananthapuram ₹ 115.49 ₹ 104.40 *Source: Good returns Crude oil price today Oil prices climbed on Monday after declining more than 7% last week on hopes that Iran and Oman were close to reaching a deal on the war with US.
The global benchmark Brent crude price increased 1.09% or by 91 cents to trade around $84.46 a barrel at 0056 GMT. Meanwhile, US West Texas Intermediate crude futures traded around $78.79 a barrel after registering 61 cents gains or 0.78% increase. Also Read | Indian refiners brace for costlier crude as Russia sanctions loom KCM Trade chief market analyst Tim Waterer said, “Traders have been conditioned by the on-again, off-again nature of the negotiations and are waiting for tangible evidence, such as verified tanker movements or formal agreements, before further unwinding the risk premium," Bloomberg reported. US-Iran war update Iran confirmed that a deal with Oman defining new shipping lanes was in its final stages amid uncertainty over reopening of the Strait of Hormuz, which carried a fifth of the world's oil before the onset of West Asia war.
Tehran insisted that the US must meet other conditions to restore accord signed on 17 June, including US compensation to Iran for its widespread attacks. Over progress on negotiations, Iran indicated that messages are being exchanged via intermediaries between Tehran and Washington as Iranian
The BriefWire