Fuel Prices Trending Downwards in India: Experts Weigh in on Global and Local Factors

As of December 30, 2024, fuel prices have seen a marginal decrease in several Indian cities, including Bhubaneswar where petrol now costs ₹100.93 per litre and diesel ₹92.51 per litre. This development has triggered expectations of relief for daily commuters and businesses relying on transportation, amidst ongoing fluctuations in global markets and domestic policy decisions.

Years of stability in fuel prices in India were not sustained as expected, with prices in several major cities recordsetering rates such as Delhi (₹94.72 for petrol, ₹87.62 for diesel), Mumbai (₹103.44 for petrol, ₹89.97 for diesel), and others much higher country-wide Delhi's �<|reserved_special_token_104|>