Fuel Prices Increase: See the Latest Rates in Your City for August 18

The cost of petrol has risen by 0.28 paise, bringing the new price to Rs 101.34 per litre. Similarly, diesel has seen an increase of 0.27 paise, now priced at Rs 92.91 per litre.

In Bhubaneswar, the latest fuel price update for Sunday, August 18, has brought a slight hike in the rates of both petrol and diesel. The cost of petrol has risen by 0.28 paise, bringing the new price to Rs 101.34 per litre. Similarly, diesel has seen an increase of 0.27 paise, now priced at Rs 92.91 per litre.

Meanwhile, in Cuttack, another major city in Odisha, the prices for petrol and diesel have also experienced a slight uptick over the past 24 hours. As of August 18, petrol in Cuttack is priced at Rs 101.65 per litre, reflecting a 0.24 paise increase. Diesel, on the other hand, has climbed to Rs 93.21 per litre, marking a similar 0.24 paise rise.

This adjustment in fuel prices is part of the broader trend observed across different cities in India, where the cost of petrol and diesel is influenced by various factors, including international crude oil prices, taxes, and other economic elements.

For a broader perspective, here’s a comparison of fuel prices across major Indian cities as of August 18:

Delhi: Petrol is priced at Rs 94.72 per litre, while diesel is available at Rs 87.62 per litre.

Mumbai: Petrol is slightly more expensive at Rs 103.44 per litre, with diesel at Rs 89.97 per litre.

Chennai: The price of petrol stands at Rs 100.75 per litre, and diesel at Rs 92.34 per litre.

Kolkata: Petrol costs Rs 104.95 per litre, with diesel priced at Rs 91.76 per litre.

Hyderabad: The price for petrol is Rs 107.41 per litre, and for diesel, it's Rs 95.65 per litre.

Bangalore: Petrol is available at Rs 102.86 per litre, while diesel costs Rs 88.94 per litre.

These price variations reflect the regional differences in taxation and transportation costs, along with local market conditions. While the hike in fuel prices may seem minimal on a per-litre basis, it can accumulate over time, affecting the overall cost of living, particularly in cities where daily commutes and transportation play a significant role.

The impact of these price changes extends beyond just the immediate cost of filling up at the pump. Higher fuel prices often lead to increased costs for goods and services, as transportation is a critical component of most supply chains. In cities like Bhubaneswar and Cuttack, where public transportation and personal vehicles are commonly used, these price hikes can strain household budgets.

It's essential for consumers to stay informed about fuel prices, as they can fluctuate based on global oil market trends and domestic policies. Regular updates on fuel prices help individuals and businesses plan their expenses more effectively, ensuring that they can manage the impact of these changes on their finances.

As fuel prices continue to be a crucial part of the economic landscape, both in Odisha and across India, it remains important to monitor these developments closely. For now, residents of Bhubaneswar and Cuttack will need to adjust to the slight increase in fuel costs as they navigate their daily routines.