Petrol and Diesel Price Today September 7th, 2023
Petrol and diesel prices in India have shown a slight increase on Tuesday, September 7th, as compared to the previous day. The prices of the fuels are influenced by various factors, such as the global market trends, the demand and supply, the currency exchange rates, the geopolitical tensions, and the domestic policies.
According to Hindustan Times, the petrol price for Delhi is Rs 96.72 per litre, and the diesel price is Rs 89.62 per litre. These prices are updated as of Thursday, September 7th, 2023 at 9:25 AM (India Time).
The petrol price for Delhi has increased by 0.02% from Rs 96.70 per litre a month ago, and by 18.23% from Rs 81.82 per litre a year ago. The diesel price for Delhi has increased by 0.01% from Rs 89.61 per litre a month ago, and by 20.94% from Rs 74.08 per litre a year ago.
The petrol and diesel prices in India are also affected by the rates of the fuels in the international markets. According to Newsd², the petrol price today opened slightly lower at Rs 96.20 per litre on MCX (Multi Commodity Exchange of India), hitting a high of Rs 96.31 and a low of Rs 96.20. The diesel price today opened at Rs 89.96 per litre on MCX, hitting a high of Rs 90.03 and a low of Rs 89.96.
The petrol and diesel prices in the US markets are also showing a downward trend. According to MSN³, the petrol price hit a one-week low of $2.95 per gallon on Monday, September 6th, owing to the pushing up of the U.S. Treasury yields and the dollar index. The diesel price also dropped by 0.97% to $3.13 per gallon on Monday.
The petrol and diesel investors are keeping an eye on the global economic developments and the expectations of the interest rate hike by the US Federal Reserve. The higher interest rates tend to reduce the appeal of the non-renewable fuels as safe-haven assets.
The petrol and diesel prices in India may also vary depending on the local taxes and logistics costs in different states and cities. The consumers can check the latest prices of the fuels in their respective locations before buying or selling them.
Here are some of the petrol and diesel prices for today in different cities in India:
|City||Petrol Price (Rs/litre)||Diesel Price (Rs/litre)|
|Delhi||Rs 96.72||Rs 89.62|
|Mumbai||Rs 106.31||Rs 94.27|
|Chennai||Rs 102.63||Rs 94.24|
|Bangalore||Rs 101.94||Rs 92.76|
|Kolkata||Rs 106.03||Rs 92.76|
|Hyderabad||Rs 109.66||Rs 94.27|
The petrol and diesel prices are subject to change at any time due to market fluctuations. The consumers are advised to do their own research and consult with experts before making any investment decisions involving the fuels.