Today, August 19, 2024, fuel prices in India are steady, with oil marketing companies (OMCs) maintaining daily updates at 6 a.m. Despite the volatile nature of crude oil markets, prices for petrol and diesel have not changed. This stability is a result of adjustments based on global crude oil prices and foreign exchange rate fluctuations.
City-wise Fuel Prices:
Delhi: Petrol at ₹94.72 per litre, Diesel at ₹87.62 per litre
Mumbai: Petrol at ₹103.44 per litre, Diesel at ₹89.97 per litre
Chennai: Petrol at ₹100.75 per litre, Diesel at ₹92.44 per litre
Kolkata: Petrol at ₹104.95 per litre, Diesel at ₹90.76 per litre
Noida: Petrol at ₹95.01 per litre, Diesel at ₹87.76 per litre
Lucknow: Petrol at ₹94.69 per litre, Diesel at ₹87.76 per litre
Bengaluru: Petrol at ₹102.86 per litre, Diesel at ₹88.94 per litre
Hyderabad: Petrol at ₹107.41 per litre, Diesel at ₹95.65 per litre
Jaipur: Petrol at ₹104.88 per litre, Diesel at ₹90.36 per litre
Trivandrum: Petrol at ₹107.56 per litre, Diesel at ₹96.43 per litre
Bhubaneswar: Petrol at ₹101.06 per litre, Diesel at ₹92.91 per litre
Factors Influencing Fuel Prices:
Crude Oil Prices: The primary determinant of petrol and diesel costs, with fluctuations impacting final retail prices.
Exchange Rates: Variations in the rupee-dollar exchange rate affect import costs and fuel prices.
Taxes: Central and state taxes on petrol and diesel differ across regions, influencing local fuel prices.
Refining Costs: The expenses involved in refining crude oil into petrol and diesel contribute to the final prices.
Demand: Changes in fuel demand can lead to price adjustments.
In summary, while fuel prices remain stable today, they are subject to ongoing changes based on global and domestic economic factors.
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