Petrol And Diesel Price Today: Check City-Wise Rates Across India
Petrol, Diesel Prices Today On December 17, 2024: Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 a.m., ensuring transparency and reflecting the volatility of global crude oil markets. These price adjustments are influenced by international crude oil prices and currency exchange rates, allowing consumers to access the most up-to-date fuel costs.
Read More: Maggi Prices To Increase After January 1 In India? Find Out Reason Here
Petrol Diesel Price Today In India (Check city-wise rate table below)
Check city-wise petrol and diesel prices on December 17
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Delhi | 94.72 | 87.62 |
| Mumbai | 103.44 | 89.97 |
| Chennai | 100.75 | 92.56 |
| Kolkata | 104.95 | 91.76 |
| Noida | 94.81 | 87.93 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 102.86 | 88.94 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.25 | 96.13 |
| Bhubaneswar | 100.97 | 92.46 |
Unchanged Fuel Prices Since May 2022
India’s petrol and diesel prices have remained stable since May 2022. This followed a significant tax reduction by the central government and several state governments to provide relief to consumers. Despite the stability in prices, the government continues to regulate fuel costs through mechanisms like excise duties, base pricing, and price caps.
Read More: WPI Inflation Eases To 3-Month Low Of 1.89% In November Vs 2.36% In October
Key Factors Affecting Fuel Prices in India
Global Crude Oil Prices
Crude oil, the raw material for petrol and diesel, is a primary driver of fuel prices. Fluctuations in crude oil prices directly impact the cost at the pump.
Exchange Rate
India imports the majority of its crude oil, making the rupee-to-dollar exchange rate a critical factor. Any depreciation of the rupee increases the cost of imports, raising fuel prices.
Taxes
Central and state governments levy excise duties and value-added taxes (VAT) on petrol and diesel. These taxes vary by state, leading to price differences across the country.
Freight and Local Charges
Transportation costs, state-specific levies, and local municipal taxes contribute to regional variations in fuel prices.
Refining Costs
The process of refining crude oil into usable fuel adds to the overall cost. Refining costs depend on factors like the quality of crude oil and the efficiency of refineries.
Fuel Demand
Rising demand for petrol and diesel, particularly during peak seasons, can drive prices higher.
Daily updates on petrol and diesel prices provide consumers with crucial insights into the evolving fuel cost landscape, influenced by both global and local factors.
