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Petrol and Diesel Prices Today: On September 11, crude oil prices in the international market are witnessing a significant surge once again. Brent crude has crossed the $108-per-barrel mark due to escalating attacks on key trade routes in the Middle East—particularly maritime trade—and potential supply disruptions. According to a Reuters report, for the first time in nearly four months, both major global benchmarks are on track to end the week above $100.

However, there is some relief: despite this sharp rise in international crude oil prices, petrol and diesel prices in the Indian market remain stable today. The country's state-owned oil marketing companies release new rates for petrol and diesel daily at 6 AM.

First, understand the reason behind the surge in crude oil prices:

According to Reuters data, Brent crude futures have risen by $1.05 (or 1%) to reach $108.68 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude is trading at $103.45 per barrel, up by 95 cents (or 1%). Every week, both benchmarks have recorded a robust gain of approximately 13%—the largest weekly rise since July 17.

Rising tensions in the Middle East have increased threats to Red Sea shipping routes. Fears of regional oil supply disruptions have intensified due to Houthi rebels controlling Yemen's port of Mocha and an escalation in attacks on oil tankers in the Strait of Hormuz. Attacks launched from Yemen on Saudi energy facilities have further heightened tensions, driving up crude oil prices in the global market.

Today's petrol and diesel prices in major cities, including Delhi, Noida, and Mumbai:

Petrol and diesel prices vary across different cities in the country due to differing rates of VAT and local taxes. The latest rates in major cities as of September 11 are as follows:

Delhi: In Delhi, the price of petrol is ₹102.12 per litre, while diesel is selling at ₹95.20 per litre. Additionally, premium XP95 is available at ₹109.24 per litre and high-octane XP100 at ₹167.35 per litre.

Noida: In Noida, petrol is priced at ₹101.77 per litre and diesel at ₹95.26 per litre.

Gurugram: In Gurugram, petrol is available at ₹102.97 per litre and diesel at ₹95.64 per litre.

Faridabad: In Faridabad, petrol is priced at ₹103.28 per litre and diesel at ₹95.94 per litre today.

Lucknow: In Lucknow, the capital of Uttar Pradesh, petrol is selling at ₹101.89 per litre and diesel at ₹95.36 per litre.

Patna: In Patna, Bihar, petrol is priced at ₹113.37 per litre and diesel at ₹99.36 per litre.

Ranchi: In Ranchi, the capital of Jharkhand, petrol is priced at ₹105.26 per litre and diesel at ₹100.49 per litre.

Bhopal: In Bhopal, Madhya Pradesh, petrol is available at ₹114.57 per litre, diesel at ₹99.64 per litre, XP95 at ₹123.88 per litre, and XG at ₹104.90 per litre.

Jaipur: In Jaipur, Rajasthan, petrol is available at ₹112.69 per litre and diesel at ₹97.78 per litre.

Dehradun: In Dehradun, Uttarakhand, petrol is priced at ₹100.55 per litre and diesel at ₹95.93 per litre.

Shimla: In Shimla, the capital of Himachal Pradesh, petrol is selling at ₹103.25 per litre, diesel at ₹95.21 per litre, and premium XP95 at ₹111.90 per litre.

Factors determining petrol and diesel prices in India

Several factors influence the retail prices of petrol and diesel in India. The first is the international price of crude oil. Petrol and diesel are produced from crude oil. When crude oil prices rise in international benchmarks, the costs for oil refineries increase. The value of the Indian Rupee against the US Dollar also plays a role; India imports the majority of its crude oil requirements from abroad, with payments made in US Dollars. If the Rupee weakens against the Dollar, importing crude oil becomes more expensive.

The retail price of petrol and diesel includes Central Government excise duty and State Government VAT, resulting in varying rates across different states. The final price also incorporates refining costs—to convert crude oil into petrol and diesel—and freight charges for transporting the fuel to petrol pumps nationwide. Market dynamics, specifically the balance between fuel consumption and supply, also influence prices. Additionally, fluctuations in demand during festivals or seasonal changes impact pricing.

Check the latest rates for your city via SMS on your mobile.

If you wish to find out the new petrol and diesel rates for your city via SMS, the process is very simple:

Indian Oil (IOCL) customers: Type 'RSP ' on your mobile and send it to 9224992249.

Bharat Petroleum (BPCL) customers: Type 'RSP' in the message box and send it to 9223112222.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.