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Check out today’s Petrol and Diesel prices in your city on April 10

10 Apr 2024 , 10:14 AM

Oil marketing companies (OMCs) in India disclose petrol and diesel prices daily at 6 am, regardless of market fluctuations. This pricing strategy is managed by OMCs and aligns with changes in global crude oil prices and foreign exchange rates, ensuring that consumers are informed about daily variations in fuel expenses.

Petrol prices undergo daily revisions at 6 AM, following the introduction of dynamic fuel pricing in June 2017. This system aims to enhance transparency and curb speculative practices in fuel pricing.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes. These influences lead to varying fuel rates across different states in the country.

Check out the price of Petrol and Diesel in your city today.

City Petrol Rate(Rs/Litre) Diesel rate (Rs/Litre)
Bangalore 99.84 85.93
Chandigarh 94.24 82.40
Chennai 100.75 92.34
Gurugram 95.39 88.24
Calcutta 103.94 90.76
Lucknow 94.52 87.61
Mumbai 104.21 92.15
New Delhi 94.72 87.62

The cost of crude oil, being the primary raw material for petrol and diesel production, plays a crucial role in determining their final prices. India's susceptibility to changes in the exchange rate between the Indian rupee and the US dollar directly impacts petrol and diesel prices due to its significant reliance on crude oil imports.

Moreover, both central and state governments levy various taxes on petrol and diesel, which can differ across states, significantly contributing to the overall pricing. Additionally, refining expenses, such as the type of crude oil used and refinery efficiency, influence the final retail prices.

Furthermore, market demand for petrol and diesel also influences pricing dynamics, with increased demand exerting upward pressure on prices, following the principles of supply and demand in the energy market.

Talking about the price of petrol and diesel at the state level, petrol and diesel have become expensive in Bihar today. Here the price of petrol (Petrol Price in Bihar Today) has increased by 22 paise to Rs 107.31 per liter and diesel (Diesel Price in Bihar) has increased by 21 paise to Rs 94.02 per liter. Apart from this, the price of petrol and diesel has also increased in Chhattisgarh, Himachal, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, UP and West Bengal today.

Apart from this, petrol and diesel has become cheaper in Andhra Pradesh, Assam, Goa, Haryana, Jammu and Kashmir, Jharkhand, Manipur, Tamil Nadu and Uttarakhand.

For feedback and suggestions, write to us at editorial@iifl.com

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