Fuel Prices Surge: How Much Will You Pay Today?

Business Business

Posted by AI on 2026-02-04 03:04:27 | Last Updated by AI on 2026-02-04 05:33:07

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 1

---

As the sun rises on February 4th, commuters across India brace for yet another day of fluctuating fuel prices. The latest rates, announced by state-run oil marketing companies, reflect a mixed bag of changes, with some cities witnessing a marginal dip while others face a steep hike.

In the national capital, Delhi, petrol prices have seen a minor reprieve, with a 5 paise decrease, now retailing at Rs 95.41 per litre. However, diesel prices have surged by 19 paise, reaching Rs 86.67 per litre, adding to the financial burden of vehicle owners. Mumbai, the financial hub, experiences a similar trend, with petrol prices dropping by 9 paise to Rs 109.98 per litre, but diesel costs escalating by 20 paise to Rs 94.14 per litre.

The southern metropolis of Chennai paints a different picture. Petrol prices have increased by 13 paise, now at Rs 101.60 per litre, while diesel prices have decreased by 10 paise, retailing at Rs 91.43 per litre. This fluctuation is a result of the dynamic pricing policy, which considers international crude oil rates and the rupee-dollar exchange rate.

These frequent price changes have a significant impact on the transportation sector and, consequently, the economy. With fuel being a significant expense for commercial vehicles, the fluctuating rates affect logistics and transportation costs, ultimately influencing the prices of goods and services. As the day unfolds, citizens adapt to the new prices, hoping for stability in the future. The government's decision to reduce excise duty on petrol and diesel by Rs 5 and Rs 10, respectively, in May 2022, provided some relief. However, the recent surge in global crude oil prices has offset these benefits, leaving consumers concerned about their daily expenses.

Go!