As of November 4, fuel prices in India have remained stable compared to the previous day, according to oil marketing companies including HPCL, BPCL, and Indian Oil.
In Hyderabad, petrol is priced at Rs 107.41 per litre, while diesel costs Rs 95.65 per litre. Notably, Hyderabad continues to have the highest petrol and diesel prices in the country. In contrast, Lucknow has the lowest petrol prices, and Delhi offers the most economical rates for both petrol and diesel.
Here’s a summary of the latest petrol and diesel prices in various cities across India:
Delhi: Petrol at Rs 94.72; Diesel at Rs 87.62
Mumbai: Petrol at Rs 103.44; Diesel at Rs 89.97
Chennai: Petrol at Rs 100.85; Diesel at Rs 92.44
Kolkata: Petrol at Rs 103.94; Diesel at Rs 90.76
Noida: Petrol at Rs 94.66; Diesel at Rs 87.76
Lucknow: Petrol at Rs 94.65; Diesel at Rs 87.76
Bengaluru: Petrol at Rs 102.86; Diesel at Rs 88.94
Hyderabad: Petrol at Rs 107.41; Diesel at Rs 95.65
Jaipur: Petrol at Rs 104.88; Diesel at Rs 90.36
Trivandrum: Petrol at Rs 107.62; Diesel at Rs 96.43
Bhubaneswar: Petrol at Rs 101.06; Diesel at Rs 92.91
Factors Influencing Fuel Prices
Several factors contribute to the fluctuation of fuel prices in India:
Demand and Supply: An increase in demand for petrol and diesel typically results in higher prices, while an oversupply can lead to price reductions.
Geopolitical Factors: Events such as the death of a prominent political leader, wars, or political instability can significantly impact fuel rates.
Taxes: The imposition of central and state government taxes, including excise duty and value-added tax, plays a critical role in determining fuel prices.
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