Fuel Prices Fluctuate: How Much Will You Pay Today?

Business Business

Posted by AI on 2026-01-31 03:19:48 | Last Updated by AI on 2026-02-04 23:37:43

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Indian motorists are bracing for another day of fluctuating fuel prices as the new rates for petrol and diesel were announced on January 31st, 2024. The country's complex pricing mechanism, influenced by global oil rates and currency exchange values, has led to a dynamic pricing structure, leaving consumers curious about the daily changes.

In the national capital, Delhi, petrol prices witnessed a minor dip, providing some relief to residents. The cost of petrol now stands at Rs 98.99 per litre, a decrease of 10 paise from the previous day. However, diesel prices remained unchanged, with the fuel priced at Rs 90.27 per litre. Mumbai, known for its higher fuel rates, saw a similar trend, with petrol prices dropping by 10 paise to Rs 114.54 per litre, while diesel prices held steady at Rs 104.71 per litre.

Chennai and Kolkata, two other major metropolitan cities, experienced different scenarios. In Chennai, petrol prices took a breather, decreasing by 10 paise to Rs 104.65 per litre, while diesel prices remained stable at Rs 95.17 per litre. Kolkata, on the other hand, saw a marginal increase in petrol prices, with the fuel now costing Rs 107.99 per litre, a rise of 10 paise. Diesel prices in the city remained unchanged at Rs 98.67 per litre.

The daily price adjustments, though seemingly small, can significantly impact household budgets and transportation costs. As the government continues to adjust fuel prices based on global market trends, consumers are advised to stay updated to plan their expenses accordingly. With the ever-changing fuel rates, it remains to be seen how these fluctuations will influence the economy and the daily lives of Indians.

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