New prices of petrol and diesel released: Fuel rates changed from Delhi to Mumbai, check the price of your city in 1 minute sitting at home. – ..
Every day starts in the country not only with the rays of the sun but also with the new prices of petrol and diesel. At exactly 6 am in the morning, the country’s leading oil marketing companies (OMCs) have released the latest fuel rates for today. These prices are decided on the basis of fluctuations in crude oil in the international market and the position of the rupee against the dollar. Since fuel prices have a direct impact on the common man’s pocket money as well as the cost of fruits, vegetables and transportation, it is very important to know today’s rate before leaving home.
Today’s petrol and diesel rates in major cities of the country
There is a difference in prices due to different government taxes (VAT) and freight costs in different states and cities of India. Today’s prices in major cities are as follows:
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New Delhi: Petrol ₹102.12 | Diesel ₹95.20
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Mumbai: Petrol ₹111.18 | Diesel ₹97.83
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Kolkata: Petrol ₹113.47 | Diesel ₹99.82
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Chennai: Petrol ₹107.77 | Diesel ₹99.55
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Hyderabad: Petrol ₹115.69 | Diesel ₹103.82
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Lucknow: Petrol ₹102.05 | Diesel ₹95.55
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Noida: Petrol ₹102.12 | Diesel ₹95.56
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Bengaluru: Petrol ₹110.93 | Diesel ₹98.80
Why have prices remained stable since May 2022?
Despite continuous fluctuations in global crude oil prices, fuel prices in the Indian market have remained relatively stable for the last two years. In fact, after the huge reduction in excise duty and VAT made by the Central Government and many state governments in May 2022, oil companies have kept the prices within a range, due to which domestic consumers have got relief from major inflation shocks.
Which 4 major factors determine the fuel price of your vehicle?
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Crude Oil Price: India buys most of its crude oil needs from abroad, hence as its rates increase in the global market, petrol and diesel become expensive in India.
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Dollar vs Rupee: Oil is purchased from the international market in dollars. If the Indian rupee weakens against the dollar, then oil companies have to pay more for imports.
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Government tax burden: Central government excise duty and state VAT on petrol and diesel together form a large part of the retail price.
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Demand and Refining Cost: The cost of refining crude oil at refineries and demand for fuel in the market as per festivals or season also affect the prices.
Get today’s live rate on your phone with just one SMS
If you want to know the exact price of your city even without internet, then oil companies have provided a very easy facility through SMS:
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Indian Oil (IOCL): Type RSP
from your phone and 9224992249 Send it to. -
BPCL: By writing RSP from your mobile 9223112222 Send to.
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HPCL: Write HP Price in the message box of mobile and send it 9222201122 Send it to.
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