The prices of petrol and diesel have been considerably steady in Odisha and other parts of the country even as the international crude prices slumped on concerns of a potential global recession.
Fuel prices, especially of petrol and diesel, are very sensitive to global crude prices. We have been seeing an uptick in global crude prices, which has also pushed petrol and diesel rates in Odisha higher.
Besides, prices of the petroleum product have now been aligned to market rates. This means fuel price will rise each time, global crude prices rise and the rupee falls against the dollar.
In the Twin City, petrol is being sold at Rs 103.19 and Rs 103.54 in Bhubaneswar and Cuttack respectively. While diesel price in Cuttack is Rs 95.10, the fuel's rate is Rs 94.76 in Bhubaneswar on Wednesday.
Petrol price at Angul remained same Rs 104.60 on Wednesday while in Balasore, it is sold at Rs 103.18. Petrol price in Bargarh is Rs 104.44. It is sold at Rs 103.73 in Bhadrak, Rs 105.02 in Bolangir, Rs 103.98 in Dhenkanal, Rs 103.77 in Jajpur, Rs 105.34 in Keonjhar and Rs 103.44 in Puri.
Similarly, diesel is being sold at Rs 96.14 in Angul, at Rs 95.98 in Bargarh, at Rs 95.29 in Bhadrak, Rs 95.52 in Dhenkanal, Rs 95.29 in Jajpur, Rs 96.80 in Keonjhar, Rs 99.21 in Koraput and Rs 100.29 in Malkangiri.