Petrol, Diesel Prices On March 27: Despite a rise in global crude oil prices amid escalating tensions in the Middle East, petrol and diesel rates across major Indian cities remained unchanged on March 27. The conflict in the region has now entered its fourth week. It began on February 28 following joint US-Israel airstrikes on Iran, which prompted retaliatory action from Tehran and heightened instability across the region.
At the same time, retail fuel prices have stayed steady, but bulk rates have seen a sharp increase. The price of industrial diesel supplied to commercial users has been hiked by Rs 21.92 per litre, a high jump of nearly 25 per cent. Premium petrol prices have also gone up by Rs 2 per litre.
In the national capital, petrol continues to be priced at Rs 94.77 per litre, while diesel stands at Rs 87.67 per litre. In Mumbai, fuel rates remain higher, with petrol retailing at Rs 103.54 per litre and diesel at Rs 90.03 per litre.
Across other major metro cities such as Bengaluru, Hyderabad and Kolkata, petrol prices are still above the Rs 100-per-litre mark, while diesel remains below that level.
Petrol, Diesel Prices On March 27:Check City-Wise Fuel Rates
| City | Petrol (Rs/Litre) | Diesel (Rs/Litre) |
|---|---|---|
| Delhi | Rs 94.77 | Rs 87.67 |
| Mumbai | Rs 103.54 | Rs 90.03 |
| Kolkata | Rs 105.45 | Rs 92.02 |
| Chennai | Rs 100.84 | Rs 92.39 |
| Ahmedabad | Rs 94.49 | Rs 90.30 |
| Hyderabad | Rs 107.46 | Rs 95.70 |
| Patna | Rs 105.71 | Rs 91.49 |
| Bengaluru | Rs 102.96 | Rs 90.99 |
| Lucknow | Rs 95.34 | Rs 88.50 |
Meanwhile, India has about 60 days of oil stock cover and has arranged one full month of LPG supply, the government said on Thursday, adding that there is no shortage of petrol, diesel, or LPG, calling reports of shortages as a "deliberate misinformation campaign" aimed at triggering panic buying.
ALSO READ: Delhi Weather Update: Will It Rain In Capital Today? Check IMD Forecast Till March 30
Amid reports of panic buying and long queues at petrol pumps and LPG distributors, the Ministry of Petroleum and Natural Gas, for the first time since the war in West Asia broke out, released stock details of crude oil, fuels and LPG as it rushed to calm nerves.
Parallelly, state-owned oil marketing companies also said there is no shortage of petrol, diesel or liquefied petroleum gas (LPG) and supplies remain stable.