Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 29
Petrol And Diesel Price Today: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata.
Petrol, Diesel Prices Today On December 29, 2024: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 am, maintaining transparency and aligning domestic fuel rates with global crude oil market trends. These adjustments reflect fluctuations in international crude prices and currency exchange rates, ensuring consumers have access to accurate and up-to-date fuel costs.
Petrol Diesel Price Today In India (Check city-wise rate table below)
related stories
Check city-wise petrol and diesel prices on December 29
| 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 price stability, the government continues to regulate fuel costs through mechanisms like excise duties, base pricing, and price caps.
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 most of its crude oil, making the rupee-to-dollar exchange rate a critical factor. Any rupee depreciation 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
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.
- Location :
- First Published: