In most metro cities, like Delhi, Mumbai, Kolkata, and Chennai, petroleum products rates stayed steady on March 17. Petrol and diesel prices in Kolkata stayed unchanged at Rs 104.67 and Rs 89.79, respectively. Petrol currently costs Rs 101.40 in Chennai, while diesel costs Rs 91.43. In Mumbai, however, the price of petrol has stayed steady at Rs 109.98 while the price of diesel has remained fixed at Rs 94.14. Petrol currently costs Rs 95.41 in New Delhi, while diesel costs Rs 86.67. Petrol prices in Gurgaon have fallen slightly from Rs 95.90 yesterday to Rs 95.70 today, while diesel prices have stood at Rs 86.91 from Rs 87.11 yesterday.

Petrol and diesel prices in Noida remain steady at Rs 95.48 and Rs 86.99, respectively. The price of petrol in Bangalore has remained steady at Rs 100.58 while the price of diesel has remained unchanged at Rs 85.01. Today's petrol price in Bhubaneswar is Rs 102.10, up from Rs 101.81 yesterday, while diesel is Rs 91.91, up from Rs 91.62 yesterday. Petrol costs Rs 94.23 in Chandigarh today, while diesel costs Rs 80.90. Petrol will cost Rs 108.20 per litre in Hyderabad today, while diesel will cost Rs 94.62. Today's petrol price in Jaipur will be Rs 107.32, up from Rs 106.89 yesterday, while diesel will be Rs 90.94, up from Rs 90.55 yesterday.
Today's fuel price in Lucknow will be Rs 95.18, down from Rs 95.36 yesterday; today's petrol price in Patna will be Rs 106.44, up from Rs 105.90 yesterday; and today's petrol price in Trivandrum will be Rs 106.24, down from Rs 106.36 yesterday. Diesel will cost Rs 86.71 in Lucknow today, down from Rs 86.88 yesterday. Today's diesel price in Patna will be Rs 91.59, up from Rs 91.09 yesterday, and today's diesel price in Trivandrum will be Rs 93.37, down from Rs 93.47 yesterday.
As per today's research report of ICICI Securities, crude oil prices bounced between gains and losses as concern over supply disruption eased on hopes of progress in peace talk between Russia and Ukraine. Further, US oil stockpiles rose more than expected. Crude oil inventories rose 4.345 mn barrels last week compared to the expectation for a draw of 1.375 mn barrels.
The brokerage has claimed "Crude oil is expected to trade with a negative bias for the day as signs of progress in Russia-Ukraine peace talks will weigh on prices. Further, rise in US stockpiles will add further pressure on prices. Additionally, IEA lowered its forecast for the full year by 950,000bpd to 2.1 million bpd for an average of 99.7 million bpd. This would be a third year of demand below pre-pandemic levels. However, sharp downside may be cushioned on hopes of stimulus from China."
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