Delhi Fuel Prices Remain Stable, Petrol at Rs 96.72 and Diesel at Rs 89.62 Per Liter | ABP News

As of August 4, 2024, fuel prices in Delhi remain stable, with petrol priced at ₹94.72 per liter and diesel at ₹87.62 per liter. This stability has been consistent over the past week, largely due to steady global crude oil prices and the government's decision to maintain existing excise duties. Several factors influence these prices, including international crude oil market trends, the exchange rate of the Indian Rupee against the US Dollar, government-imposed taxes and duties, and domestic demand and supply dynamics. The current stable prices are beneficial for household budgets, helping families manage transportation costs without sudden spikes. Businesses, particularly those in logistics and transportation, also benefit from predictable operating costs due to the consistent diesel prices. Analysts predict that fuel prices in Delhi will likely remain stable in the near term unless there are significant geopolitical events or drastic changes in crude oil prices. Additionally, any new government policy measures or adjustments in tax rates could impact future prices. Overall, the stability in fuel prices is a positive development for consumers and businesses, providing economic predictability amidst the volatile global oil market.