Petrol and diesel prices across India have remained stable as of September 9, 2024. Oil Marketing Companies (OMCs) release the updated fuel prices daily at 6 a.m., reflecting fluctuations in global crude oil prices and foreign exchange rates. Despite the volatility in these global markets, OMCs ensure that consumers are kept informed about the current costs of petrol and diesel.
Current Fuel Prices in Major Indian Cities
Here is a summary of today’s petrol and diesel prices in various cities:
Delhi: Petrol – ₹94.72 per litre; Diesel – ₹87.62 per litre
Mumbai: Petrol – ₹103.44 per litre; Diesel – ₹89.97 per litre
Chennai: Petrol – ₹100.85 per litre; Diesel – ₹92.44 per litre
Kolkata: Petrol – ₹103.94 per litre; Diesel – ₹90.76 per litre
Noida: Petrol – ₹94.66 per litre; Diesel – ₹87.76 per litre
Lucknow: Petrol – ₹94.65 per litre; Diesel – ₹87.76 per litre
Bengaluru: Petrol – ₹102.86 per litre; Diesel – ₹88.94 per litre
Hyderabad: Petrol – ₹107.41 per litre; Diesel – ₹95.65 per litre
Jaipur: Petrol – ₹104.88 per litre; Diesel – ₹90.36 per litre
Trivandrum: Petrol – ₹107.62 per litre; Diesel – ₹96.43 per litre
Bhubaneswar: Petrol – ₹101.06 per litre; Diesel – ₹92.91 per litre
Factors Influencing Fuel Prices
Several factors impact the pricing of petrol and diesel in India:
Crude Oil Prices: The cost of crude oil is a significant determinant in the price of petrol and diesel. As the primary raw material, changes in crude oil prices directly affect fuel costs.
Exchange Rates: Since India is a major importer of crude oil, fluctuations in the exchange rate between the Indian rupee and the US dollar can influence fuel prices.
Taxes: Taxes imposed by both central and state governments vary, and these taxes significantly impact the final prices of petrol and diesel across different states.
Refining Costs: The expenses associated with refining crude oil into petrol and diesel contribute to the final fuel prices. These costs can vary depending on the type of crude oil used and the efficiency of the refining process.
Demand and Supply: Variations in the demand for petrol and diesel can also affect their prices. Increased demand may lead to higher prices.
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