Oil Marketing Companies (OMCs) have announced updated petrol and diesel prices for major cities across India, maintaining stability amid fluctuations in the global market. Prices are adjusted daily at 6 a.m., reflecting changes in crude oil prices and foreign exchange rates, which ensures that consumers receive timely information about fuel costs.
As of October 12, 2024, the revised fuel rates in key cities are as follows:
Delhi: Petrol – Rs 94.72/litre, Diesel – Rs 87.62/litre
Mumbai: Petrol – Rs 103.44/litre, Diesel – Rs 89.97/litre
Bengaluru: Petrol – Rs 102.86/litre, Diesel – Rs 88.94/litre
Chennai: Petrol – Rs 100.85/litre, Diesel – Rs 92.44/litre
Kolkata: Petrol – Rs 103.94/litre, Diesel – Rs 90.76/litre
Hyderabad: Petrol – Rs 107.41/litre, Diesel – Rs 95.65/litre
Gurugram: Petrol – Rs 95.11/litre, Diesel – Rs 87.97/litre
Noida: Petrol – Rs 94.66/litre, Diesel – Rs 87.76/litre
The prices of petrol and diesel are significantly influenced by crude oil prices, as these fuels are derived from crude. With India being one of the largest importers of crude oil, the fuel prices are intricately linked to the exchange rate between the Indian rupee and the US dollar.
Moreover, the final cost of fuel is heavily impacted by taxes levied by both central and state governments, which can vary widely from one state to another.
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