City | Petrol Price (₹/litre) | Diesel Price (₹/litre) |
---|---|---|
New Delhi | 94.77 | 87.67 |
Mumbai | 103.50 | 90.03 |
Chennai | 100.80 | 92.39 |
Kolkata | 105.01 | 91.82 |
Noida | 94.87 | 88.11 |
Lucknow | 94.69 | 87.91 |
Bengaluru | 102.92 | 88.99 |
Hyderabad | 107.46 | 95.70 |
Jaipur | 104.42 | 89.93 |
Trivandrum | 107.48 | 96.48 |
Bhubaneswar | 103.54 | 94.76 |
Fuel prices in India are influenced by several factors:
Crude Oil Prices: As the primary raw material, fluctuations in global crude oil prices directly impact domestic fuel costs.
Exchange Rates: Since India imports a significant portion of its crude oil, variations in the exchange rate between the Indian Rupee and the US Dollar affect fuel prices. A weaker Rupee typically leads to higher costs.
Taxes: Both central and state governments levy taxes on fuel, leading to price variations across states
Refining Costs: Expenses incurred in refining crude oil into petrol and diesel also contribute to the final price.
Demand and Supply: An imbalance between fuel demand and supply can cause price fluctuations.
Oil Marketing Companies (OMCs) in India revise fuel prices daily at 6 AM, ensuring transparency and alignment with global market trends