Oil Marketing Companies (OMCs) have released updated petrol and diesel prices across major Indian cities today, maintaining a steady approach despite ongoing fluctuations in global crude oil prices. The prices, which are revised daily at 6 a.m., reflect the changes in crude oil costs and foreign exchange rates, ensuring consumers remain informed about fuel costs in real time.
As of today, petrol and diesel prices in key cities are as follows:
Delhi: Petrol – ₹94.72/litre, Diesel – ₹87.62/litre
Mumbai: Petrol – ₹103.44/litre, Diesel – ₹89.97/litre
Bengaluru: Petrol – ₹102.86/litre, Diesel – ₹88.94/litre
Chennai: Petrol – ₹100.85/litre, Diesel – ₹92.44/litre
Kolkata: Petrol – ₹103.94/litre, Diesel – ₹90.76/litre
Hyderabad: Petrol – ₹107.41/litre, Diesel – ₹95.65/litre
Gurugram: Petrol – ₹95.11/litre, Diesel – ₹87.97/litre
Noida: Petrol – ₹94.81/litre, Diesel – ₹87.93/litre
The fluctuations in global crude oil prices are a crucial determinant of domestic fuel rates. India, as one of the largest importers of crude oil, is particularly sensitive to changes in the exchange rate between the Indian rupee and the US dollar. A depreciation of the rupee can lead to an increase in domestic fuel prices, even if crude prices remain stable.
In addition to crude oil prices and exchange rates, fuel prices in India are significantly influenced by taxes levied by both central and state governments. These taxes vary across states and can greatly impact the final price that consumers encounter at the pump, leading to variations in fuel rates among different Indian cities.
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