Oil marketing companies (OMCs) determine petrol and diesel prices in India. These prices primarily change based on fluctuations in global crude oil prices and international currency rates.
There are several reasons for changes in petrol and diesel prices, the most important being the price of crude oil. Crude oil is the primary raw material for petrol and diesel, and any increase in its price directly impacts fuel prices. Additionally, fluctuations in the exchange rate between the Indian rupee and the US dollar also influence fuel costs. When the dollar’s value rises, importing oil becomes more expensive, leading to higher prices.
Factors Affecting Petrol and Diesel Prices
The petrol and diesel prices are influenced by various factors, including the taxes imposed by the central and state governments. These taxes vary from state to state, leading to differences in fuel prices across the country.
Demand also plays a key role in determining petrol and diesel prices. When demand increases, prices tend to rise as well.
Today’s Petrol and Diesel Prices Across Major Cities
Delhi: Petrol costs ₹94.77 per litre, while diesel is priced at ₹87.67 per litre.
Noida: Petrol is available at ₹94.87 per litre, and diesel costs ₹88.01 per litre.
Mumbai: Petrol is priced at ₹103.44 per litre, and diesel at ₹89.97 per litre.
Jaipur: Petrol costs ₹105.07 per litre, while diesel is ₹90.53 per litre.
Kolkata: Petrol is priced at ₹104.95 per litre, and diesel costs ₹91.76 per litre.
Gurugram: Petrol is available at ₹94.96 per litre, and diesel costs ₹87.82 per litre.
Chennai: Petrol costs ₹100.80 per litre, and diesel is priced at ₹92.39 per litre.
Bengaluru: Petrol is priced at ₹102.92 per litre, and diesel costs ₹88.99 per litre.
Patna: Petrol is available at ₹105.47 per litre, while diesel is priced at ₹92.32 per litre.
Lucknow: Petrol costs ₹94.69 per litre, and diesel is priced at ₹87.81 per litre.