Check out today’s Petrol and Diesel prices in your city on April 22

22 Apr 2024 , 09:33 AM

Oil marketing companies (OMCs) follow a transparent pricing mechanism for petrol and diesel, announcing daily price adjustments at 6 am to reflect global crude oil prices and foreign exchange rates. This approach ensures consumers stay informed about fluctuations in fuel costs on a daily basis.

In India, the pricing of petrol and diesel is influenced by several factors, including freight charges, value-added tax (VAT), and local taxes, leading to varying rates across different states. To get the latest rates in your city, refer to the table below:

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	94.90	87.76
Kolkata	103.94	90.76
Lucknow	94.64	87.75
Mumbai	104.21	92.15
New Delhi	94.72	87.62

Key factors influencing petrol and diesel prices in India include:

1. Crude Oil Price: The cost of crude oil, the main raw material for petrol and diesel, significantly impacts the final prices of these fuels.
2. Exchange Rate (INR to USD): India’s dependency on crude oil imports makes it vulnerable to fluctuations in the exchange rate between the Indian rupee and the US dollar, directly affecting petrol and diesel prices.
3. Taxation: Both central and state governments impose various taxes on petrol and diesel, with variations across states contributing to price differences.
4. Refining Expenses: The costs associated with refining crude oil into petrol and diesel, influenced by factors like the type of crude oil and refinery efficiency, contribute to price variations.
5. Demand: Market demand for petrol and diesel also plays a role in pricing dynamics, with increased demand leading to upward pressure on prices.

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