Commodities
India's Petrol Prices Hold Steady Amid Global Oil Market Volatility
India's domestic petrol prices have been stable for the past few days, with current prices ranging from Rs. 102.12 in Delhi to Rs. 113.51 in Kolkata and Rs. 115.73 in Hyderabad.
The country imports about 80% of its oil needs, making international crude oil prices a significant factor in determining domestic pump rates.
Additionally, central excise duty, state-level value-added tax (VAT), dealer and refining margins, and transportation costs also influence petrol prices in India.