Fuel Rates Today: State-run oil marketing companies (OMCs) have not changed petrol and diesel prices today either; rates remain completely stable. Prices have not been revised since May 25.
Petrol-Diesel Rates Today (July 23): As of July 23, petrol and diesel prices across the country remain at yesterday's levels. Last week, amidst tensions between the US and Iran, crude oil prices had dipped slightly on hopes that shipping through the Strait of Hormuz would resume. However, with rising tensions in West Asia, crude oil prices are now steadily climbing again.
Prices Unchanged Since May 25
Petrol and diesel prices in India have remained stable since May 25. Before that, state-run oil marketing companies (OMCs) had hiked petrol prices by ₹2.61 per liter and diesel prices by ₹2.71 per liter. Consequently, the price of petrol in Delhi currently stands at ₹102.12 per liter (above the ₹100 mark), while diesel is selling at ₹95.20 per liter. Similarly, in Mumbai, petrol prices remain above the ₹110 mark; petrol is selling at ₹111.21 per liter and diesel at ₹97.83 per liter.
City-wise Petrol-Diesel Prices
| City | Petrol Price (per litre) | Diesel Price (per litre) |
|---|---|---|
| Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.21 | ₹97.83 |
| Kolkata | ₹113.51 | ₹99.82 |
| Bengaluru | ₹110.93 | ₹98.80 |
| Chennai | ₹107.77 | ₹99.55 |
| Patna | ₹113.35 | ₹99.36 |
| Indore | ₹114.58 | ₹99.70 |
| Hyderabad | ₹115.69 | ₹103.82 |
| Kanpur | ₹101.59 | ₹95.06 |
Crude Oil Loading from Iraq Halted
Two Indian state-run oil companies have halted crude oil loading from Iraq due to escalating security threats and attacks in the Strait of Hormuz. Reports indicate that Indian Oil Corporation (IOCL) has cancelled plans to lift 2 million barrels of Iraqi oil using its supertanker 'Leela'. Similarly, Mangalore Refinery (MRPL) has also stopped loading its tanker, 'Desh Gaurav'. In fact, ships traversing the Strait of Hormuz are being repeatedly targeted. Tensions have escalated further following a recent drone attack near Iraq's Basra terminal. Consequently, attempting to cross the Strait of Hormuz is currently highly risky. Salim Al-Rikabi, a spokesperson for Iraq's Oil Ministry, stated, "The situation in the Strait of Hormuz and the escalating regional conflict have increased transport-related risks and insurance costs." He added that, as a result, some companies have cancelled scheduled loading operations.
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