Petrol and Diesel Prices in India

Petrol and Diesel Prices in India: What You Should Know Today

In India, petrol and diesel prices have always been a hot topic of discussion. Whether you own a vehicle or not, fuel prices affect you directly or indirectly because transportation costs impact the price of almost everything we buy. From vegetables to mobile phones, everything needs to be transported, and that cost is influenced by fuel prices.

Petrol Diesel Price: Petrol prices in major cities

New Delhi: Rs 94.77 per liter

Mumbai: Rs 103.44 per litre

Kolkata: Rs 104.95 per litre

Chennai: Rs 100.80 per litre

How Are Petrol and Diesel Prices Decided?

Many people believe that petrol and diesel prices are decided by the government. While this was true in the past, today fuel prices in India are largely determined by global crude oil rates, foreign exchange rates, and local taxes. Oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel prices daily, depending on international oil prices and the Rupee-Dollar exchange rate.

Diesel prices in major cities

• New Delhi: Rs 87.67 per liter
• Mumbai: Rs 89.97 per litre
• Kolkata: Rs 91.76 per litre
• Chennai: Rs 92.39 per litre

Petrol and diesel prices are updated at 6 am

Let us tell you all that the price of petrol and diesel in India is decided on the basis of international crude oil prices in which oil companies like Indian Oil and Bharat Petroleum, Hindustan Petroleum update this price every day at 6:00 am. And for this, the company makes the price on the basis of the average price of the previous day’s crude mill and the exchange rate.

Is There Any Solution?

Experts say the long-term solution lies in reducing dependence on petrol and diesel. The push for electric vehicles (EVs) is one such effort. The Indian government is encouraging the use of EVs and CNG vehicles to reduce oil imports and pollution. Many cities now have electric buses and charging stations, but widespread adoption will take time.

Why are petrol and diesel prices different?

Let us tell you all that the state government imposes different taxes on petrol and diesel due to which their prices are different in every state.

Important Links

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