Check out today’s Petrol and Diesel prices in your city on April 9

9 Apr 2024 , 10:07 AM

Oil marketing companies (OMCs) diligently disclose the prices of petrol and diesel every day at 6 am, regardless of market fluctuations. This pricing regimen, overseen by OMCs, synchronizes with shifts in global crude oil prices and foreign exchange rates, ensuring that consumers stay well-informed about the daily changes in fuel costs.

In India, the pricing of petrol and diesel is subject to several influencing factors, including freight charges, value-added tax (VAT), and local taxes. Consequently, fuel rates differ across various states within the country.

Below is a snapshot of the current Petrol and Diesel prices in select cities:

City	Petrol Rate (Rs/Litre)	Diesel Rate (Rs/Litre)
Bangalore	99.84	85.93
Chandigarh	94.24	82.40
Chennai	100.85	92.43
Gurugram	94.94	87.80
Calcutta	103.94	90.76
Lucknow	94.65	87.76
Mumbai	104.21	92.15
New Delhi	94.72	87.62

Crude Oil Price: The cost of crude oil, the fundamental raw material for petrol and diesel production, plays a crucial role in determining their final prices in India.

Exchange Rate (INR to USD): Given India’s significant reliance on crude oil imports, fluctuations in the exchange rate between the Indian rupee and the US dollar directly influence petrol and diesel prices.

Taxation: Both central and state governments impose various taxes on petrol and diesel, with variations across states significantly impacting the overall pricing structure.

Refining Expenses: The expenses incurred in refining crude oil into petrol and diesel also contribute to the retail prices. Factors such as the crude oil type and refinery efficiency influence the variability in these refining costs.

Demand for Petrol and Diesel: Market demand for these fuels is another key factor shaping pricing dynamics. Increased demand often leads to upward pressure on prices, adhering to the principles of supply and demand in the energy market.

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