Today’s Petrol & Diesel Price: Check city-wise prices across India including Delhi, Mumbai and Kolkata.
Petrol and Diesel Prices on December 20
Today 20 December 2024 Petrol and Diesel Prices: Oil Marketing Companies (OMCs) revise petrol and diesel prices every day at 6 am, ensuring transparency and aligning domestic fuel prices with global crude oil market trends. These daily adjustments are made to fluctuations in international crude oil prices and currency exchange rates, providing consumers with accurate and current fuel pricing.
Petrol Diesel price Today in India (check city-wise rate table below)
Check by city. Petrol and diesel prices On December 20
| The city | Petrol price (Rs. per litre) | Diesel price (Rs. per 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 |
No change in fuel prices from May 2022.
Petrol and diesel prices in India are stable from May 2022. Subsequently, the central government and several state governments introduced significant tax cuts to provide relief to consumers. Despite price stability, the government continues to control fuel costs through mechanisms such as excise duty, 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 the main driver of fuel prices. Fluctuations in crude oil prices directly affect costs at the pump.
Exchange rate
India imports most of its crude oil, making the rupee-dollar exchange rate an important factor. Depreciation of the rupee increases the cost of imports, which in turn increases fuel prices.
Tax
Central and state governments levy excise duty and value added tax (VAT) on petrol and diesel. These taxes vary by state, causing prices to vary across the country.
Freight and local charges
Transportation costs, state specific taxes, and local municipal taxes contribute to regional variations in fuel prices.
Refining costs
The process of refining crude oil into usable fuel increases the overall cost. Refining costs depend on factors such as the quality of crude oil and the efficiency of refineries.
Fuel demand
Increased demand for petrol and diesel, especially during peak seasons, may drive up prices.
Daily updates on petrol and diesel prices provide consumers with important insights into the changing fuel price landscape influenced by both global and local factors.