The prices are adjusted every day by the Oil Marketing Companies to reflect changes in international benchmark prices and currency exchange rates. Every day at six in the morning, the prices of fuel and diesel are adjusted accordingly.
On Wednesday (12 July), the price of petrol and diesel did not change in any of the major Indian cities including New Delhi, Kolkata, Mumbai, or Chennai. The prices of petrol and diesel have remained relatively unchanged over the past few months. However, the prices in each city experience daily swings according to local factors.
The price of petrol and diesel varies from state to state according to a number of different factors, including the value-added tax (VAT), freight charges, and local taxes, among other things.
The last time fuel prices were adjusted across the entirety of the nation was on May 21, 2022, when Finance Minister Nirmala Sitharaman reduced the excise duty on gasoline by 8 rupees per litre and on diesel by 6 rupees per litre. Since the reduction of excise tax that was implemented by the central government in May of 2022, some states have also decreased the rates that are charged for VAT on fuels, while others have implemented a cess on petrol and diesel.
Here is list of petrol and diesel rates in your cities: Fuel Price Today:
Bangalore
Petrol Price: 101.94
Diesel Price: 87.89
Delhi
Petrol Price: Rs 96.72
Diesel Price: Rs 89.62
Mumbai
Petrol Price: Rs 106.31
Diesel Price: Rs 94.27
Noida
Petrol Price: Rs 96.65
Diesel Price: Rs 89.82
Gurugram
Petrol Price: Rs 97.04
Diesel Price: Rs 89.91
Lucknow
Petrol Price: Rs 96.57
Diesel Price: Rs 89.76
Chandigarh
Petrol Price: Rs 98.65
Diesel Price: Rs 88.95
Chennai
Petrol Price: 102.63
Diesel Price: 94.24
The costs of fuel and diesel are subject to daily fluctuations around six in the morning. Excise duty, dealer commission, value-added tax, and other fees are some of the elements that can cause these changes in price. When factoring in inflation, the ultimate prices of fuel and diesel are roughly twice as high as their starting prices.
You can use SMS services in order to keep up with the day’s fluctuations in the prices of petrol and diesel. Customers who have Indian Oil accounts can send an SMS with the phrase “RSP” followed by their city code to the number 9224992249. Consumers of BPCL, on the other hand, have the ability to send an SMS to the number 9223112222 with the word “RSP” and their city code. Customers of HPCL who are interested in obtaining price information can do so by sending an SMS to the number 9222201122 with the word “HPPrice” followed by their city code.