Oil rates internationally are up by a margin as of writing this report but have come off heavily from the recent highs, with Brent crude up 1.48% at $101.4 bbl, while WTI crude is also up by over 1% at $97.5 per bbl. The sharp fall is owing to fresh lockdowns in China and peace expectations in respect of the ongoing Ukraine-Russia war.

Meanwhile, fuel rates in India remain constant even after state elections are over, precisely may be as the international pricing are providing some relief. As per the latest IOC update, petrol price in New Delhi is Rs 95.41, while the diesel price is Rs 86.67. The current petrol price in Kolkata is Rs 104.67, while the diesel price is Rs 89.79. The petrol price in Mumbai is currently Rs 109.98, while the diesel price is Rs 94.14. The current diesel price in Chennai is Rs 91.43, while the current petrol price is Rs 101.40. In Kolkata the price of petrol is retailing at Rs. 104.67 per litre, while diesel is available for Rs. 89.79/ litre.
| Metro city | Petrol rate in Rs/litre | Diesel rate in Rs./litre |
|---|---|---|
| Delhi | 95.41 | 86.67 |
| Mumbai | 109.98 | 94.14 |
| Kolkata | 104.67 | 89.79 |
| Chennai | 101.4 | 91.43 |
Earlier leading publication mentioned that before bringing about any hike OMCs will watch the trend in international rates for a few more days. Fuel rates in the country have been held steady since Diwali last year to not impact electoral prospects of the ruling political party.
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