Has the price of petrol gone up or down today, September 11? Check the current diesel rates.
Prices for both petrol and diesel have remained stable for a long time; there have been no changes so far this month. Currently, the average price of petrol in the country stands at ₹111.21 per liter.
Although crude oil prices in the international market have crossed the $100-per-barrel mark, state-run oil marketing companies (OMCs) have not yet raised retail rates. The last revision to petrol and diesel prices in the country took place on May 25, when rates were hiked by ₹2.7 and ₹2.8 per liter, respectively.
Since the dynamic fuel pricing method (daily review) is in effect, oil companies release new prices every morning at 6:00 AM. During this process, prices are generally kept stable, ignoring minor fluctuations in the global market. This is why it has been over three months since petrol and diesel prices last changed.
Check city-wise prices
| City | Petrol Price (per litre) | Diesel Price (per litre) |
|---|---|---|
| Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.31 | ₹97.97 |
| Kolkata | ₹113.51 | ₹99.82 |
| Chennai | ₹107.78 | ₹99.56 |
| Gurugram | ₹102.97 | ₹95.94 |
| Patna | ₹113.35 | ₹99.36 |
| Nagpur | ₹111.90 | ₹98.20 |
| Srinagar | ₹104.10 | ₹92.81 |
| Indore | ₹114.32 | ₹99.41 |
Today's crude oil prices
Amid rising tensions in West Asia, the price of the global benchmark, Brent crude oil, has neared $102 per barrel. Today, Brent crude is hovering around $108.23 per barrel, having gained 6% in just one week.
Meanwhile, the US benchmark, West Texas Intermediate (WTI) crude, is also trading sharply higher at $103.80 per barrel. Fears of a prolonged conflict between the US and Iran have introduced new risks to the market. On September 9, Brent crude closed in triple digits (above $100) for the first time since July.
What will be the impact on India?
India imports approximately 80–85% of its crude oil requirements. In such a scenario, tensions in the Middle East and disruptions to supplies via the Strait of Hormuz significantly impact the Indian economy. Rising international oil prices force India to spend more dollars on imports, thereby straining the country's foreign exchange reserves and potentially weakening the rupee. Although oil companies have currently kept retail prices stable, a prolonged period of high crude oil prices would drive up transportation costs, potentially leading to higher prices for fruits, vegetables, and everyday essentials.
