Each day at 6 a.m., oil marketing companies (OMCs) release the updated prices for petrol and diesel, ensuring regularity despite the inherent volatility of these commodities. These adjustments are made based on shifts in international crude oil prices and changes in currency exchange rates, keeping consumers informed about the current fuel costs.
City | Petrol | Diesel
Delhi | 94.72 | 87.62
Mumbai |103.44 | 89.97
Chennai | 100.85 | 92.44
Kolkata | 103. 94 | 90.76
Noida | 94.66 | 87.76
Lucknow | 94.65 | 87.76
What Impacts Petrol, Diesel Prices?
Crude Oil Price: Crude oil is the key raw material for producing petrol and diesel, meaning its cost has a direct impact on the final price of these fuels.
Exchange Rate between the Indian Rupee and US Dollar: As India is a significant importer of crude oil, fluctuations in the exchange rate between the rupee and the US dollar also play a crucial role in determining petrol and diesel prices.
Taxes: Petrol and diesel are subject to taxes from both central and state governments. These taxes vary across states, significantly affecting the final cost of fuel.
