Fuel prices in India have remained stable as of Monday, November 11, with only slight variations across different cities.
In Hyderabad, petrol is priced at Rs 107.41 per litre, while diesel costs Rs 95.65 per litre, maintaining the same rates as the previous day. These prices are set daily by oil marketing companies such as HPCL, BPCL, and Indian Oil.
Hyderabad currently has the highest petrol and diesel prices in the country, while Lucknow reports the lowest petrol price. Delhi holds the lowest rates for both petrol and diesel.
Here are the latest petrol and diesel prices in some major Indian cities:
Delhi: Petrol Rs 94.72, Diesel Rs 87.62
Mumbai: Petrol Rs 103.44, Diesel Rs 89.97
Chennai: Petrol Rs 100.85, Diesel Rs 92.44
Kolkata: Petrol Rs 103.94, Diesel Rs 90.76
Noida: Petrol Rs 94.66, Diesel Rs 87.76
Lucknow: Petrol Rs 94.65, Diesel Rs 87.76
Bengaluru: Petrol Rs 102.86, Diesel Rs 88.94
Hyderabad: Petrol Rs 107.41, Diesel Rs 95.65
Jaipur: Petrol Rs 104.88, Diesel Rs 90.36
Trivandrum: Petrol Rs 107.62, Diesel Rs 96.43
Bhubaneswar: Petrol Rs 101.06, Diesel Rs 92.91
Factors Influencing Fuel Prices in India
Several key factors contribute to fluctuations in fuel prices across India:
Demand and Supply: When demand for petrol and diesel increases, prices tend to rise. Conversely, an increase in supply can lead to a decrease in prices.
Geopolitical Factors: Events like political instability, wars, or changes in global leadership can impact oil prices, which in turn affect fuel prices in India.
Taxes: Central and state taxes, including excise duties and value-added taxes, significantly influence fuel prices. Any increase in these taxes typically leads to higher fuel costs.
Fuel prices are revised daily based on these factors, and consumers should stay informed about any changes that may affect their daily transportation expenses.
Related topic:
5 Most Reliable Audi Diesel Engines
Shell Diesel Vs Normal Diesel: What Is The Difference?
Brent Oil Price Hits Target of $73.90, Bearish Trend Expected to Continue
