Stay updated with the latest petrol and diesel prices in New Delhi, other cities for December 4, 2024. Discover the current rates per litre and understand the factors influencing daily fuel prices.
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Petrol, Diesel Prices Today On December 04, 2024: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 am, maintaining consistency despite the inherent volatility of these commodities. These revisions align with changes in global crude oil prices and currency exchange rate fluctuations, keeping consumers informed about the latest fuel costs.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on December 4:
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| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Delhi | 94.72 | 87.62 |
| Mumbai | 103.44 | 89.97 |
| Chennai | 100.85 | 92.44 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.66 | 87.76 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 102.86 | 88.94 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.62 | 96.43 |
| Bhubaneswar | 101.06 | 92.91 |
In India, fuel prices have remained steady since May 2022, after the central government and various state governments reduced fuel taxes.
Oil marketing companies (OMCs) update fuel prices daily at 6 a.m., reflecting changes in global crude oil prices. The government controls these prices using tools such as excise taxes, base pricing, and price caps.
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Factors Affecting Petrol and Diesel Prices in India
- Crude Oil Prices: As the primary raw material for producing petrol and diesel, fluctuations in crude oil prices directly impact fuel costs.
- Exchange Rate: India, being a major importer of crude oil, is affected by changes in the exchange rate between the Indian rupee and the US dollar, which in turn influences fuel prices.
- Taxes: Petrol and diesel prices are subject to various taxes imposed by both central and state governments. These taxes can differ across states, significantly impacting the final price at the pump.
- Refining Costs: The expenses involved in refining crude oil into petrol and diesel also determine fuel prices. These costs can vary depending on factors such as the type of crude oil used and the refinery’s efficiency.
- Demand: Higher demand for petrol and diesel often leads to an increase in fuel prices, as supply and demand dynamics come into play.
Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
