This morning at 6 AM, fresh petrol and diesel prices were announced across the country. The pricing of these fuels is influenced primarily by international crude oil rates and the exchange rate of the Indian Rupee against the US Dollar. While most cities observed stable pricing, variations were evident due to differing state taxes affecting fuel rates locally.

Metro City Fuel Prices (Feb 7, 2026):

• Mumbai: Petrol ₹103.50–₹104.21, Diesel ₹90.01–₹92.15

• Kolkata: Petrol ₹105.41, Diesel ₹92.02

• Chennai: Petrol ₹100.80, Diesel ₹92.39

• Hyderabad: Petrol ₹107.50, Diesel ₹95.70

• Bengaluru: Petrol ₹102.96, Diesel ₹90.99

Stable Prices Amid Variations

In general, fuel prices remained largely unchanged in many regions, contributing to a sense of predictability for consumers. However, discrepancies were noted among various cities, influenced by local tax structures that cause fluctuations in retail prices. This variation illustrates the complexities of fuel pricing in India, which is often subject to both global market forces and local economic policies.

Factors Influencing Pricing

The determination of petrol and diesel prices is intricately linked to factors such as global crude oil prices, which can fluctuate based on international demand, geopolitical conditions, and production agreements among oil-exporting nations. Additionally, the performance of the Indian Rupee against the US Dollar also plays a critical role in influencing fuel costs. As the value of the Rupee strengthens or weakens, it directly affects the cost of importing crude oil, which is a significant component of fuel pricing in India.

Regional Price Differences

As a result of varying state taxes, some cities may experience higher or lower prices compared to neighboring regions. This tax disparity can lead to noticeable price differences even within the same state, depending on local government regulations and policy decisions regarding fuel taxation. Consumers are advised to stay informed about these variations, as they can impact their overall expenditure on fuel.

Impact on Consumers

For consumers, these fluctuations can influence daily commuting costs and living expenses, particularly for those who rely heavily on vehicles for transportation. Understanding the current pricing trends can aid in better budgeting for fuel expenditures.

Amidst these changes, consumers are encouraged to monitor local prices and consider alternatives if significant discrepancies are observed in their area.

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