Petrol price today: Fuel prices in India continue to change every day, and this daily revision plays a major role in ensuring transparency for consumers. Oil Marketing Companies (OMCs) update petrol and diesel prices every morning at 6 AM, based on international crude oil prices and the currency exchange rate. Because of this dynamic pricing system, fuel rates in Indian cities keep changing according to global market trends.
Today’s Petrol and Diesel Prices in Major Indian Cities
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Why Fuel Prices Fluctuate in India
Fuel prices in India depend on multiple external and internal factors. Here are the key reasons behind daily price movements:
1. Crude Oil Prices in the Global Market
International crude oil cost is the biggest factor. Since petrol and diesel are refined from crude oil, any rise or fall in global prices directly affects retail rates. When crude becomes expensive, Indian consumers see a price hike.
2. Exchange Rate (Dollar vs Rupee)
India imports more than 80% of its crude oil.
If the Indian Rupee weakens against the US Dollar, the cost of importing crude increases.
A weaker rupee generally means higher petrol and diesel prices.
3. Central and State Taxes
A major share of fuel prices comes from taxes imposed by the central and state governments.
VAT rates vary from state to state, which is why fuel prices differ in Delhi, Mumbai, Chennai, Jaipur, and other cities.
4. Refining and Transportation Cost
Crude oil must be refined before use. Refining cost depends on the quality of crude, refinery technology, and transportation charges. All these influence the final price consumers pay.
5. Demand and Supply Conditions
Fuel demand rises during festivals, vacations, or busy business seasons.
Higher demand can push prices up, while lower demand helps stabilize them.
Conclusion
Fuel prices in India are expected to remain volatile as global crude oil rates continue to fluctuate. Checking daily petrol and diesel prices helps consumers make better decisions regarding travel, transport, and budgeting.
