Fuel prices in India are subject to daily revisions, with oil marketing companies (OMCs) announcing updates every morning at 6 a.m. The prices of petrol and diesel vary based on global crude oil rates and fluctuations in foreign exchange rates. These changes ensure consumers receive the most accurate and up-to-date pricing information without discrepancies.
City-Wise Petrol and Diesel Prices (November 20):
Delhi: Petrol – ₹94.72, Diesel – ₹87.62
Mumbai: Petrol – ₹103.44, Diesel – ₹89.97
Chennai: Petrol – ₹100.85, Diesel – ₹92.44
Kolkata: Petrol – ₹103.94, Diesel – ₹90.76
Noida: Petrol – ₹94.66, Diesel – ₹87.76
Lucknow: Petrol – ₹94.65, Diesel – ₹87.76
Bengaluru: Petrol – ₹102.86, Diesel – ₹88.94
Hyderabad: Petrol – ₹107.41, Diesel – ₹95.65
Jaipur: Petrol – ₹104.88, Diesel – ₹90.36
Trivandrum: Petrol – ₹107.62, Diesel – ₹96.43
Bhubaneswar: Petrol – ₹101.06, Diesel – ₹92.91
Multiple factors influence the pricing of petrol and diesel in India. A key determinant is the global price of crude oil, which remains the primary raw material for fuel production. Any fluctuations in global crude prices directly impact the retail cost of petrol and diesel. In addition, the exchange rate between the Indian Rupee and the US Dollar plays a significant role in determining the final prices.
Government-imposed taxes—both central and state—further affect fuel pricing, and these taxes can vary greatly between different regions. The refining process also contributes to the overall cost, as expenses may vary depending on the type of crude oil used and refinery efficiency. Additionally, market demand plays a crucial role in fuel pricing, with higher demand typically driving up prices.
With all these variables in play, fuel prices continue to experience daily fluctuations, reflecting both domestic and global market conditions.
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