According to the latest reports, a reduction in oil prices by 40 paise is likely to occur soon which will bring a total reduction of Rs 2 in petrol and diesel prices.
The price of petrol and diesel in India has stayed steady for yet another day on November 4, due to the government’s price freeze that has been going on for several months now. According to the latest reports, a reduction in oil prices by 40 paise is likely to occur soon which will bring a total reduction of Rs 2 in petrol and diesel prices. This suggests that fuel price relief is just around the corner. The reduction, if and when it occurs, will mark the first since the Centre lowered the excise duty on petrol and diesel by Rs. 8 and Rs. 6, respectively, on May 22. If the price of oil and the value of the rupee remain the same, a reduction of up to Rs 2 per litre may be anticipated.
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According to today’s fuel price update, the cost of petrol in Delhi will continue at Rs 96.72 per litre on November 4 and the price of diesel is Rs 89.62 per litre. In Mumbai, petrol stands at Rs 106.31 per litre and a litre of diesel is Rs 94.27. In Chennai, the price of petrol remains steady at Rs 102.63 per litre, while the cost of diesel is Rs 94.24. Kolkata is charging Rs 106.03 for a litre of petrol and Rs 92.76 for a litre of diesel.
Find out the prices in Delhi, Mumbai, Chennai and other cities on November 4.
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Chennai
Petrol: Rs 102.74 per litre
Diesel: Rs 94.33 per litre
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Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Lucknow
Petrol: Rs 96.62 per litre
Diesel: Rs 89.81 per litre
Thiruvananthapuram
Petrol: Rs 107.40 per litre
Diesel: Rs 96.23 per litre.
Public sector OMCs like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) often adjust fuel prices in accordance with foreign exchange rates and benchmark pricing from other countries. Every day at 6 a.m., the revised price goes into effect. Retail prices for gasoline and diesel vary from one state to another due to a variety of factors, including local taxes like VAT or shipping costs.
