Based on changes in international crude oil prices and the dollar-rupee exchange rate, the country’s oil marketing companies (OMCs) release the latest fuel rates every morning at 6 am, which directly impact your pocket. Whether you’re an office-goer or a fruit and vegetable vendor, fuel prices impact everyone’s daily lives. Therefore, staying updated on daily prices is not only essential but also prudent. This government system ensures complete transparency so that consumers receive accurate information.
Today’s Latest Petrol and Diesel Prices in Your City
The difference in fuel prices in metros and major cities is due to taxes imposed by state governments. Today’s petrol and diesel rates in major cities across India are as follows:
In New Delhi, petrol is available at ₹94.72 and diesel at ₹87.62 per liter.
In Mumbai, petrol is available at ₹104.21 and diesel at ₹92.15 per liter.
In Kolkata, petrol is ₹103.94 and diesel is ₹90.76 per liter.
In Chennai, petrol is ₹100.75 and diesel is ₹92.34 per liter.
In Bengaluru, petrol is ₹102.92 and diesel is ₹89.02 per liter.
In Hyderabad, petrol is ₹107.46 and diesel is ₹95.70 per liter.
In Lucknow, petrol is ₹94.69 and diesel is ₹87.80 per liter.
In Jaipur, petrol is ₹104.72 and diesel is ₹90.21 per liter.
In Pune, petrol is ₹104.04 and diesel is ₹90.57 per liter.
In Patna, petrol is ₹105.58 and diesel is ₹93.80 per liter.
In Ahmedabad, petrol is ₹94.49 and diesel is ₹90.17 per liter.
In Indore, petrol is ₹106.48 and diesel is ₹91.88 per liter.
In Chandigarh, petrol is ₹94.30 and diesel is ₹82.45 per liter.
In Surat, petrol is ₹95.00 and diesel is ₹89.00 per liter.
In Nashik, petrol is ₹95.50 and diesel is ₹89.50 per liter.
Why have prices remained stable for two years
It is curious that despite fluctuations in the international market, petrol and diesel prices in India have remained largely stable for the past two years, i.e., since May 2022. This is primarily due to tax reductions by the central government and several states. The government has taken measures to reduce the direct burden of international volatility on consumers, thereby maintaining relatively stable prices for Indian consumers.
What factors determine fuel prices
The retail price of fuel is not solely dependent on the price of crude oil; it is influenced by a number of complex factors.
Petrol and diesel are produced primarily from crude oil. When international crude oil prices rise, it directly impacts the Indian market.
- India imports most of its crude oil needs, and its purchases and sales are made in dollars. If the rupee weakens, fuel becomes more expensive.
- The central and state governments impose heavy taxes on petrol and diesel, which constitute a significant portion of the retail price. This is the primary reason for the variation in prices across states.
- The process of making crude oil usable (refining) also incurs costs. This cost depends on the quality of the crude oil and the refinery’s capacity.
- If fuel demand increases rapidly in the market, prices also tend to rise. Fuel consumption is particularly high during festivals, summer, and winter.
How to check prices in your city via SMS
If you want to check fuel prices via mobile, the process is extremely simple. You can get the latest rates instantly by sending an SMS:
- Indian Oil customers: Text “RSP” followed by your city code and send it to 9224992249.
- BPCL customers: Text “RSP” to 9223112222.
- HPCL customers: Text “HP Price” to 9222201122.