Petrol Diesel Price: Big news for common people. The cost of gasoline and diesel has surpassed 100 rupees per liter in numerous states across the country. In Delhi, due to tensions between the US and Iran, the price of gasoline has climbed to 101.54 paise per liter. However, with a recent peace agreement between the two nations, people are hoping for a reduction in fuel prices. Today, as with every day, oil companies have revealed the latest prices of gasoline and diesel, which remain steady nationwide.
What is the current price of gasoline in Mumbai?
Gasoline is pricier in Mumbai compared to Delhi. It is being sold at Rs 111.21 per liter in Mumbai, while diesel is priced at Rs 97.83 per liter. Let’s check the present gasoline and diesel rates in various cities.
Gasoline prices in major cities as of June 28
Hyderabad: Rs 115.69
Kolkata: Rs 113.51
Patna: Rs 113.35
Jaipur: Rs 113.19
Bengaluru: Rs 111.68
Mumbai: Rs 111.21
Chennai: Rs 107.76
Gurugram: Rs 102.97
Delhi: Rs 102.12
Noida: Rs 101.96
Lucknow: Rs 101.86
Chandigarh: Rs 101.54
Diesel prices in major cities as of June 28
Hyderabad: Rs 103.82
Kolkata: Rs 99.82
Bengaluru: Rs 99.56
Chennai: Rs 99.55
Patna: Rs 99.36
Jaipur: Rs 98.25
Mumbai: Rs 97.83
Gurugram: Rs 95.64
Noida: Rs 95.44
Lucknow: Rs 95.36
Delhi: Rs 95.20
Chandigarh: Rs 89.47
Gasoline and diesel saw four price hikes in May. State-owned oil companies raised prices on four occasions in May. The first increase occurred on May 15th, with gasoline going up by Rs 3 and diesel by Rs 3.29 per liter. Subsequent hikes followed on May 19th and May 23rd. Finally, on May 25th, gasoline prices rose by Rs 2.61 and diesel prices by Rs 2.71 per liter.
What factors influence the pricing of fuel?
- Gasoline and diesel are predominantly derived from crude oil. Fluctuations in global crude oil prices have a direct impact on the Indian market.
- Since India imports a large portion of its crude oil, which is bought in dollars, any depreciation in the rupee’s value leads to an increase in fuel costs.
Both the central and state governments impose substantial taxes on petrol and diesel, which contribute significantly to the final retail price, resulting in price discrepancies between different states. - The cost of refining crude oil is influenced by the quality of the oil and the capacity of the refinery.
- When there is a surge in fuel demand, prices typically go up. Fuel consumption rises notably during festive seasons, summers, or winters.
How can you inquire about fuel prices in your locality via text message?
– For Indian Oil customers: Send your city code followed by “RSP” to 9224992249.
– For BPCL customers: Text “RSP” to 9223112222.
– For HPCL customers: Text “HP Price” to 9222201122.