Branch2 Intelligence
Petrol, Diesel Prices On July 8: Check Updated Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
Key takeaway
Petrol and diesel prices in India remain unchanged despite falling global crude prices, as state-owned OMCs maintain retail prices to protect margins.
- Step 11st-order: Global crude oil prices fall due to easing geopolitical tensions and higher OPEC+ production.
- Step 22nd-order: Indian OMCs (IOC, BPCL, HPCL) hold retail petrol/diesel prices steady, protecting marketing margins.
- Step 33rd-order: Private OMCs (Reliance, Nayara) may undercut state-owned OMCs on price to gain market share, especially in bulk and industrial segments.
Source: IN:NDTV Profit
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