Every day not only starts with the sun rising, but also starts with the new prices of petrol and diesel, which directly impacts the pocket of the common man. At 6 am, the country’s oil marketing companies (OMCs) release the latest rates, which are based on changes in international crude oil prices and the dollar-rupee exchange rate. These changes impact everyday life—be it a person going to an office or a vendor selling fruits and vegetables. Therefore, it is not only important but also wise to keep an eye on the prices on a daily basis. This government system ensures transparency so that consumers do not get any misleading information.
Petrol and diesel prices in your city today
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? From May 2022, the central government and many state governments have cut taxes, which has stabilized the prices of petrol and diesel. Although international markets continue to fluctuate, prices for Indian consumers have remained relatively stable. What do fuel prices depend on?
Crude Oil Prices:
Petrol and diesel are mainly made from crude oil. When international crude oil prices increase, it directly impacts the Indian market.
Rupee-Dollar Exchange Rate:
India imports most of its crude oil, and it is purchased in US dollars. If the rupee weakens against the dollar, fuel becomes expensive.
Government Taxes and Duties:
Central and state governments impose heavy taxes on petrol and diesel, which form a large part of the retail price. This is why prices vary from state to state.
Refining Cost:
The process of making crude oil usable also involves costs. This cost depends on the quality of crude oil and the capacity of the refinery.
Balance of demand and supply:
If the demand for fuel increases in the market, the prices start increasing. Fuel consumption is especially high during festivals, summer or winter seasons.
How to check fuel prices in your city through SMS?
If you want to check fuel prices on your mobile phone, the way is simple:
Indian Oil customers: Type your city code and send it along with “RSP” to 9224992249.
BPCL Customers: Type “RSP” and send it to 9223112222.
HPCL Customers: Type “HP Price” and send it to 9222201122.
