Petrol Diesel Price: Oil Marketing Companies (OMCs) in India have released the latest prices for petrol and diesel for today. In a continued trend of stability, fuel rates across the country have remained unchanged, providing relief to consumers. The new prices are updated every morning at 6 AM by leading OMCs like Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL).
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Why Do Fuel Prices Vary Across States?
A common question among consumers is why the cost of petrol and diesel is different in various cities and states. The final retail price you pay at the pump is influenced by several factors. The base price is determined by international crude oil rates and the rupee-dollar exchange rate. On top of this, the central government applies excise duty, and then each state government levies its own Value Added Tax (VAT). Since VAT rates differ from one state to another, the final price varies significantly. Other contributing factors include dealer commission and freight charges for transporting the fuel.
Latest Petrol and Diesel Prices in Major Cities
For vehicle owners, it’s crucial to know the current rates before heading to the petrol pump. Here is a breakdown of the latest approximate petrol and diesel prices in the major metropolitan cities of India:
| City | Petrol Price (per litre) | Diesel Price (per litre) |
|---|---|---|
| New Delhi | ₹ 94.72 | ₹ 87.62 |
| Mumbai | ₹ 104.21 | ₹ 92.15 |
| Kolkata | ₹ 103.94 | ₹ 90.76 |
| Chennai | ₹ 100.75 | ₹ 92.34 |
Note: These prices are indicative and may have slight variations at different outlets within the same city.
How to Check Fuel Prices in Your City
You can easily check the latest petrol and diesel rates in your city from the comfort of your home. The OMCs provide a convenient SMS service for this purpose. For instance, Indian Oil (IOCL) customers can send an SMS with the text RSP <space> Dealer Code to the number 9224992249. The dealer code for each petrol pump is usually displayed at the outlet. Alternatively, you can also find the latest prices on the official websites and mobile applications of the respective oil companies. This ensures you are always aware of the current rates before refueling your vehicle.