Every day at 6 a.m., oil marketing companies (OMCs) in India announce the latest prices for petrol and diesel, maintaining a stable reporting schedule despite the volatile nature of these commodities. These companies adjust fuel prices in response to fluctuations in global crude oil prices and variations in foreign exchange rates, ensuring that consumers are kept informed about the current costs of fuel.
Today’s Petrol and Diesel Prices
As of October 25, 2024, the petrol and diesel prices across major cities in India are as follows:
Delhi: Petrol is priced at ₹94.72 per litre and diesel at ₹87.62 per litre.
Mumbai: Petrol costs ₹103.44 per litre, while diesel is at ₹89.97 per litre.
Chennai: The price of petrol is ₹100.85 per litre, and diesel is ₹92.44 per litre.
Kolkata: Petrol is available for ₹103.94 per litre, and diesel costs ₹90.76 per litre.
Noida: The petrol price is ₹94.66 per litre and diesel is ₹87.76 per litre.
Lucknow: Petrol is priced at ₹94.65 per litre, with diesel at ₹87.76 per litre.
Bengaluru: Petrol costs ₹102.86 per litre, while diesel is at ₹88.94 per litre.
Hyderabad: The price for petrol is ₹107.41 per litre and diesel is ₹95.65 per litre.
Jaipur: Petrol is available for ₹104.88 per litre, and diesel is priced at ₹90.36 per litre.
Trivandrum: Petrol costs ₹107.62 per litre, while diesel is at ₹96.43 per litre.
Bhubaneswar: The price of petrol is ₹101.06 per litre and diesel is ₹92.91 per litre.
Factors Influencing Fuel Prices
Several key factors impact the pricing of petrol and diesel in India:
Crude Oil Prices: As the primary raw material for petrol and diesel production, fluctuations in crude oil prices have a direct effect on fuel costs.
Exchange Rate: The value of the Indian rupee against the US dollar also influences fuel prices, given that India is a major importer of crude oil.
Taxes: Central and state governments impose various taxes on petrol and diesel, which can vary significantly across states and affect the final consumer prices.
Refining Costs: The expenses associated with refining crude oil into usable fuels contribute to the final prices. These costs can vary based on the type of crude oil used and the efficiency of the refinery.
Demand: Changes in demand for petrol and diesel can influence prices; increased demand often leads to higher costs.
How to Check Fuel Prices via SMS
Consumers can easily access the latest petrol and diesel prices in their city through SMS. Here’s how:
Indian Oil Customers: Text “RSP” followed by the city code to 9224992249.
BPCL Customers: Send “RSP” to 9223112222.
HPCL Customers: Write “HP Price” and send it to 9222201122.
Stay informed and plan your fuel purchases accordingly!
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