Petrol Diesel Price Today: Petrol and diesel prices in India are updated every day at 6 am. These rates are determined on the basis of international crude oil prices and rupee-dollar exchange rate.
Do check the latest rates of your city on September 16, so that you can easily manage your expenses and budget Every day starts not just with the rays of the sun, but also with the new prices of petrol and diesel, which directly affect the pocket of the common man. At 6 am, the country’s oil marketing companies (OMCs) release the latest rates, which are based on the changes in the prices of crude oil in the international market and the dollar-rupee exchange rate. These changes affect everyday life – whether it is a person going to office or a fruit and vegetable seller.
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In such a situation, keeping a track of daily prices is not only necessary but also wise. This system of the government ensures transparency so that consumers do not get any kind of confusing information.
Today’s petrol and diesel price in your city
Below are the latest rates for September 16 for major cities across the country:
- New Delhi: Petrol ₹94.72 per litre, diesel ₹87.62 per litre
- Mumbai: Petrol ₹104.21, Diesel ₹92.15
- Kolkata: Petrol ₹103.94, Diesel ₹90.76
- Chennai: Petrol ₹100.75, Diesel ₹92.34
- Ahmedabad: Petrol ₹94.49, Diesel ₹90.17
- Bengaluru: Petrol ₹102.92, Diesel ₹89.02
- Hyderabad: Petrol ₹107.46, Diesel ₹95.70
- Jaipur: Petrol ₹104.72, Diesel ₹90.21
- Lucknow: Petrol ₹94.69, Diesel ₹87.80
- Pune: Petrol ₹104.04, Diesel ₹90.57
- Chandigarh: Petrol ₹94.30, Diesel ₹82.45
- Indore: Petrol ₹106.48, Diesel ₹91.88
- Patna: Petrol ₹105.58, Diesel ₹93.80
- Surat: Petrol ₹ 95.00, Diesel ₹ 89.00
- Nashik: Petrol ₹95.50, Diesel ₹89.50
Why are prices stable for the last two years ?
Petrol and diesel prices have remained stable since May 2022 after tax cuts by the Centre and several states. Although the international market fluctuates, prices for Indian consumers have remained comparatively stable.
What are the reasons behind determination of fuel prices ?
Crude Oil Prices:
Petrol and diesel are produced mainly from crude oil. When the prices of crude oil rise internationally, it directly affects the Indian market.
Rupee against Dollar:
India imports most of its crude oil, and it is bought in dollars. If the rupee weakens, fuel becomes expensive.
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Government taxes and fees:
The central and state governments levy heavy taxes on petrol and diesel, which form a large part of the retail price. This is the reason why there is a difference in prices across states.
Cost of Refining:
There is also a cost involved in the process of making crude oil usable (refining). This cost depends on the quality of crude oil and the capacity of the refinery.
Balance of Demand and Supply:
If the demand for fuel increases in the market, then the prices also start going up. Especially during festivals, summer or winter season, fuel consumption is more.
How to check prices of your city through SMS ?
If you want to know the fuel price from mobile, then the process is easy:
Indian Oil Customers: Type your city code and send it with “RSP” to 9224992249.
BPCL Customers: Write “RSP” and send it to 9223112222.
HPCL Customers: Write “HP Price” and send it to 9222201122.
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