Today, Tuesday, petrol and diesel prices remain stable across the country. India’s three major oil marketing companies (OMCs)—Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL)—change fuel prices daily based on fluctuations in global crude oil rates and foreign exchange rates; These factors have remained stable in recent times.
**How to check prices?**
Oil companies release updated prices every day at 6:00 am; This information can also be obtained through SMS.
For Indian Oil: Type `RSP` and send it to 9224992249.
For BPCL: Type `RSP` and send it to 9223112222.
**How are the prices of petrol and diesel decided?**
Global crude oil prices have surged sharply in recent days amid the ongoing conflicts between Iran, Israel and the US. Despite fluctuations in the global energy market, the Indian government has indicated that retail petrol and diesel prices will remain stable for now. This step provides relief to consumers and helps in reducing inflationary pressure.
It is worth noting that fuel prices at petrol pump stations are determined by a combination of global, economic and domestic factors. At the heart of this system is the international price of crude oil—the primary feedstock for both gasoline and diesel—and which has the greatest impact on the final price consumers pay.
The rupee-dollar exchange rate is another important factor, as India is heavily dependent on crude oil imports. When the rupee weakens against the dollar, the cost of purchasing crude oil increases; This increase in costs may translate directly into an increase in retail fuel prices.
Today’s petrol and diesel prices
City Petrol Price (per litre) Diesel Price (per litre) Delhi Rs 94.77 Rs 87.67 Mumbai Rs 103.54 Rs 90.03 Kolkata Rs 105.45 Rs 92.02 Chennai Rs 100.80 Rs 92.39 Bengaluru Rs 102.92 Rs 90.99 Chandigarh Rs 94.30 Rs 82.45 Goa Panaji Rs 95.51 Rs 88.07 Itanagar Rs 90.56 Rs 80.13 Port Blair Rs 82.46 Rs 78.05