Every morning, along with the rays of the sun, new prices of petrol and diesel also come, which directly affect the pocket of the common man. At 6 am, the country’s oil marketing companies (OMCs) release the latest rates based on the changes in the international prices of crude oil and the dollar-rupee exchange rate. These changes affect everyday life, whether it is an office goer or a fruit and vegetable seller. Therefore, keeping an eye on the prices is not only necessary but also wise. This system of the government ensures transparency, so that customers do not get any kind of misleading information.
The latest prices of petrol and diesel in major cities of the country
The latest prices of petrol and diesel in major cities of the country on August 31 are given below:
New Delhi: Petrol ₹ 94.72, Diesel ₹ 87.62
Mumbai: Petrol ₹ 104.21, Diesel ₹ 92.15
Kolkata: Petrol ₹ 103.94, Diesel ₹ 90.76
Chennai: Petrol ₹ 100.75, Diesel ₹ 92.34
Ahmedabad: Petrol ₹ 94.49, Diesel ₹ 90.17
Bengaluru: Petrol ₹ 102.92, Diesel ₹ 89.02
Hyderabad: Petrol ₹ 107.46, Diesel ₹ 95.70
Jaipur: Petrol ₹ 104.72, Diesel ₹90.21
Lucknow: Petrol ₹94.69, Diesel ₹87.80
Pune: Petrol ₹104.04, Diesel ₹90.57
Chandigarh: Petrol ₹94.30, Diesel ₹82.45
Indore: Petrol ₹106.48, Diesel ₹91.88
Patna: Petrol ₹105.58, Diesel ₹93.80
Surat: Petrol ₹95.00, Diesel ₹89.00
Nashik: Petrol ₹95.50, Diesel ₹89.50
Why have prices been stable for the last two years
Petrol and diesel prices have remained largely stable since May 2022, when the Centre and several states cut taxes. Although the international market continues to fluctuate, prices for Indian consumers have remained comparatively stable. This is the result of efforts by the government to keep prices stable.
Factors determining fuel prices
Many factors affect fuel prices, including petrol and diesel, which are mainly made from crude oil. When crude oil prices increase internationally, it directly affects the Indian market. India imports most of its crude oil, which is purchased in dollars. If the rupee weakens against the dollar, fuel becomes expensive.
The central and state governments impose heavy taxes on petrol and diesel, which make up a large part of the retail price. This is the reason why there is a difference in prices in different states. The process of making crude oil usable (refining) also costs money. This cost depends on the quality of crude oil and the capacity of the refinery. If the demand for fuel increases in the market, then the prices also start going up. Fuel consumption is especially high during festivals, the summer, or the winter season.
How to check prices in your city through SMS
If you want to know the fuel price through mobile, then this process is very easy. All you have to do is send an SMS:
Indian Oil customers: Type your city code along with “RSP” and send it to 9224992249.
BPCL customers: Type “RSP” and send it to 9223112222.
HPCL customers: Type “HP Price” and send it to 9222201122.