International crude oil prices continued to slide on 27 August, yet Indian fuel rates remained unchanged across the country. Brent crude traded below 88 dollars per barrel at 6 AM on Thursday, while WTI crude slipped to 81.64 dollars. Despite cheaper crude, retail petrol, diesel and LPG prices stayed flat as the pass-through effect takes weeks to reflect in Indian domestic markets.
Crude Oil Prices Drop Further
West Texas Intermediate crude fell 0.59 dollars to 81.64 dollars per barrel on Thursday morning. The international benchmark Brent crude declined 0.63 dollars to 87.21 dollars per barrel. This marks another session of decline for global crude, yet Indian fuel retailers have not revised pump prices downward.
Cheapest Fuel in Port Blair
India’s cheapest petrol is available in Port Blair at 88.66 rupees per litre. The same city also offers the lowest diesel rate at 84.56 rupees per litre. For cooking gas, Mumbai continues to offer the cheapest LPG cylinder at 941.50 rupees. Other metro cities have significantly higher fuel rates due to local taxes and freight costs.
City-Wise Petrol and Diesel Rates
Jaipur charges 112.66 rupees per litre for petrol and 97.78 rupees for diesel. Patna has petrol at 112.70 rupees and diesel at 99.87 rupees per litre. Lucknow prices petrol at 102.05 rupees and diesel at 99.28 rupees. Bhopal has the highest among these at 114.65 rupees for petrol and 99.74 rupees for diesel.
Why Fuel Prices Stay High Despite Cheaper Crude
Experts explain this through the pass-through effect, which measures how much of crude price change reaches retail fuel pumps. The impact typically starts appearing in the first week and fully settles by the third or fourth week. Countries with higher excise duties see a weaker pass-through effect. India’s high fuel taxes mean global crude drops take longer to benefit consumers at the pump.
