Check out today’s Petrol and Diesel prices in your city on April 15

15 Apr 2024 , 10:07 AM

Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 am, irrespective of market fluctuations. This pricing strategy is managed by OMCs to stay in line with global crude oil prices and foreign exchange rates, ensuring consumers stay informed about daily changes in fuel expenses.

In India, the pricing of petrol and diesel is influenced by various factors including freight charges, value-added tax (VAT), and local taxes. These factors contribute to the variation in fuel rates across different states in the country.

Check out the price of Petrol and Diesel in your city today.

City	Petrol Rate(Rs/Litre)	Diesel rate (Rs/Litre)
Bangalore	99.84	85.93
Chandigarh	94.24	82.40
Chennai	100.75	92.34
Gurugram	95.19	88.05
Calcutta	103.94	90.76
Lucknow	94.64	87.75
Mumbai	104.21	92.15
New Delhi	94.72	87.62

Crude oil price: The price of crude oil, which serves as the primary raw material for the production of petrol and diesel, is a key determinant of the final prices of these fuels in India.

Exchange rate (INR to USD): Given that India is a significant importer of crude oil, fluctuations in the exchange rate between the Indian rupee and the US dollar have a direct impact on petrol and diesel prices. Changes in this exchange rate can influence the cost of importing crude oil, thereby affecting the final retail prices of petrol and diesel.

Taxation: Both central and state governments impose various taxes on petrol and diesel, contributing to their overall pricing in the country. These taxes can differ across different states, leading to variations in fuel prices nationwide.

Refining expenses: The process of refining crude oil into petrol and diesel incurs costs that also impact the final retail prices of these fuels. Factors such as the type of crude oil used and the efficiency of the refinery contribute to the variability in refining expenses, thereby influencing fuel prices.

Demand for petrol and diesel: Market demand for petrol and diesel plays a significant role in pricing dynamics. Increased demand can lead to upward pressure on prices, reflecting the principles of supply and demand in the energy market. Conversely, decreased demand may result in lower prices.

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